Cap Rate
7.75%
Gross SQFT
11,000
Year Built
2000
Term Remaining
±10 Yrs
NOI
$82,500
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2017 retrofit for Dollar Tree
- Dollar Tree recently extended their lease early to a full 10-year term, proving their commitment to the location and market
- Corporately guaranteed lease
- Three, 5-Year renewal options all of which include a $.50/SF rent increase
- 5-Mile population of 88,476 residents
- Average household income of $69,505 annually
- Traffic counts exceed +43,000 at the intersection of Dirksen Pkwy & E Sangamon Rd
- Local retail tenants include Walmart, Lowes McDonald’s, ADLI, Wells Fargo, AARON’s KFC, Wendy’s, and many more
- Dollar Tree acquires Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
- Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same store sales / profitability
- Investment Grade Credit Tenant – S&P Rated BBB
Broker of Record
- Matthew M. Fitzgerald
- License No. 478027547 (IL)
- (866) 889-0550
- Matthews Real Estate Investment Services
- 1600 West End,
Ste. 1500 Nashville, TN 37203