Dollar Tree has a new 10 year NN lease with $.50 PSF rental escalations every 5 years in renewal options and three 5 year renewal options. The tenant, Dollar Tree Stores, Inc., operates more than 14,330 stores in 48 states, D.C., and 5 Canadian provinces. Dollar Tree Stores, Inc. has an S&P credit rating of BB+ and has a Ba1 positive rating on Moody’s. This property has a concrete parking lot and a standing metal seam roof with a 20 year warranty.
The subject property is located in York, Nebraska, with high drive-by visibility off the hard corner. Dollar Tree is a pad site to Tractor Supply Co., and is across the street from the only Walmart in a 25 mile radius! Walmart sales at this location are over 87M, well above the national average on a PSF basis. Dollar Tree is 4 miles from York College, a private 4-year Christian liberal arts college with total enrollment of 450, and 4 miles from York General Hospital.