Listing Agency: Trinity Real Estate Investment Services - Corporate Show Phone

Listed By: Brad Motley · License #586199 Show Phone

Source: Moodyscre

Added: Apr 9, 2024 Changed: Sep 5 Last Checked: Sep 16 at 5:52PM

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Investment Insights

Based on property information with market context.

This is a freestanding Dollar Tree property constructed in 2016. The NN lease requires minimal landlord responsibilities, covering only the roof and structure. The tenant is Dollar Tree Inc. ($DLTR), which offers a strong corporate guaranty with an S&P credit rating of BBB. Dollar Tree experienced an 8.00% increase in revenue in fiscal year 2023. The property is located along N Main Street, which has a daily traffic count of over 10,300 vehicles per day. The surrounding area has healthy demographics for a dollar store, with a population of over 13,500 residents within a 5-mile radius. The property is situated near several retailers, including Taco Bell, Tractor Supply, and Wendy's. The building has 9,973 square feet of space and has 1.5+ years remaining on the lease.

Key Highlights

• Strong Corporate Guaranty by Investment Grade Tenant, Dollar Tree Inc. ($DLTR), With an S&P Credit Rating of BBB
• NN Lease Requiring Minimal LL Responsibilities for Roof & Structure Only
• 2016 Build Dollar Tree with 1.5+ Years Remaining

Property Analytics

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Current Use

Dollar Tree Discount Store

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Storage Facility HVAC Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - NN leased Dollar Tree with corporate guaranty for sale.

Where is this storefront property located?

The property is located at 1707 N Main St Rushville, IN.

What is the asking price?

The asking price for this property is $1,246,625.

What are key features of this property?

This property features: Strong Corporate Guaranty by Investment Grade Tenant, Dollar Tree Inc. ($DLTR), With an S&P Credit Rating of BBB; NN Lease Requiring Minimal LL Responsibilities for Roof & Structure Only; 2016 Build Dollar Tree with 1.5+ Years Remaining