Dollar Tree

York, NE

Price $1,257,000
Cap Rate 7.00%
TYPE Single-Tenant
STATUS Available
Tenant Dollar Tree Stores, Inc.
LEASE TYPE NN
SQUARE FEET 8,800
PRICE/SQ FT $142
YEAR BUILT 2018
LEASE EXP. 2028
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

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.

Property Highlights

  • New 10 Year NN Lease with $.50 PSF Rental Escalations Every 5 Years in Renewal Options
  • High Drive-by Visibility on Main North/South Thoroughfare, Just Off the Hard Corner with Traffic Counts Exceeding 14,830 CPD!
  • Demographics – Total Population (10 MI): 11,343 | Avg HH Income (10 MI): $69,659 | Avg HH Income (1 MI): $79,900
  • Tenant: Dollar Tree Stores, Inc – Operates More than 14,330 Stores in 48 States & the District of Columbia and 5 Canadian Provinces
  • Pad Site to Tractor Supply Co. & Across the Street from the Only Walmart in a 25 Mile Radius! Walmart Sales Reportedly $87M+ (Well-Above National Average on a PSF Basis)
  • Low Unemployment Rate: Nebraska’s Rate at 2.7% - National Rate at 4.1% (Oct 2017)