Dollar Tree

Nevada, MO

Price $1,227,000
Cap Rate 7.15%
TYPE Single-Tenant
STATUS Closed
Tenant Dollar Tree Corp.
LEASE TYPE NN
SQUARE FEET 9,000
PRICE/SQ FT $136
YEAR BUILT 2018
LEASE EXP. 2028
LISTING AGENT Justin Carlson
480-214-5088 x105
jcarlson@ciadvisor.com
Bryan King, King Realty Advisors
Missouri Local Broker #2008036027

Property Description

Dollar Tree has a new 10 year corporately guaranteed NN lease with three 5 year renewal options with NO EARLY TERMINATION. The tenant, Dollar Tree, is a fortune 200 company with an S&P “BBB” credit rating and a Moody’s “Baa3” rating. The corporation operates more than 14,800 stores in 48 states and the District of Columbia as well as 5 Canadian provinces.

COMPETITIVE ADVANTAGE of this store is the only Dollar Tree within a 23 mile radius. This store fills a large void in Dollar Tree’s existing footprint. Dollar Tree is located in Nevada, MO with great drive by visibility. This store is 2 mile away from Cottey College, 2.5 miles away from Nevada Regional Technical Center, and 2 miles from Nevada Regional Medical Center. Nearby retailers include Walmart Supercenter, Sutherland HomeBase, Orscheln Farm & Home, Family Dollar, Dollar General, AutoZone, O’Reilly Auto Parts, Century 6 Cinema.

*In Association With Missouri Local Broker: King Realty Advisors

Property Highlights

  • New 10 Year Corporately Guaranteed NN Lease with Three 5 Year Renewal Options ($0.50 PSF Escalation per Option) – NO EARLY TERMINATION
  • Dollar Tree Stores, Inc – Operates More than 14,800 Stores in 48 States & the District of Columbia and 5 Canadian Provinces
  • COMPETITIVE ADVANTAGE: Closest Dollar Tree is Over 23 Miles Away. This Store Fills a Large Void in Dollar Tree’s Existing Footprint!
  • Tenant: Dollar Tree Stores, Inc. - A Fortune 200 Company | NASDAQ: DLTR | S&P “BBB-” Credit Rating | Moody’s Baa3 Rating
  • Great Drive-by Visibility on E Austin Blvd (US Rte 54) where Traffic Counts Exceed 14,570 CPD
  • Demographics (10 MI): Total Population: 15,583 | Average Household Income: $55,641