Single-Tenant Dollar Tree
For Sale
Contact for pricing
480 10th Ave E, Milan, IL 61264
Single-tenant Dollar Tree retail property built-to-suit in 2020 with a lease set to expire June 30, 2027.
Property Size9,500 SF
Lot Size1.17 Acres
Days on Market120
Property Features for 480 10th Ave E
General Information
Standard status
Active
Size
9,500 SF
Lot size
1.17 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 8:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This single-tenant Dollar Tree retail property was built-to-suit in 2020 and totals 9,500 square feet on approximately 1.17 acres. The asset features a modified triple-net lease structure, with the landlord responsible for the roof and structure, and the tenant responsible for taxes, common area maintenance, insurance, utilities, and HVAC.
The property is located at 480 10th Ave E in Milan, Illinois, across the street from Xpac Warehouse, an export packaging company. The area is also supported by nearby retail traffic drivers including Hy-Vee, KFC, Walgreens, and CVS. A John Deere Part Distribution Center is down the street near Quad City International Airport.
Dollar Tree signed an original 7-year lease that commenced on June 3, 2020 and is set to expire on June 30, 2027. The lease includes four, five-year renewal options. The first renewal option period has flat rent, while the second, third, and fourth options include rent increases.
The property is located at 480 10th Ave E in Milan, Illinois, across the street from Xpac Warehouse, an export packaging company. The area is also supported by nearby retail traffic drivers including Hy-Vee, KFC, Walgreens, and CVS. A John Deere Part Distribution Center is down the street near Quad City International Airport.
Dollar Tree signed an original 7-year lease that commenced on June 3, 2020 and is set to expire on June 30, 2027. The lease includes four, five-year renewal options. The first renewal option period has flat rent, while the second, third, and fourth options include rent increases.
Key Highlights
- 9,500 SF single‑tenant Dollar Tree built‑to‑suit in 2020 on about 1.17 acres
- Lease commenced June 3, 2020 and expires June 30, 2027, leaving about 6.5 years remaining
- Modified triple net lease: landlord covers roof and structure; tenant covers taxes, CAM, insurance, utilities, and HVAC
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 14%
Dining 11%
Hy-Vee
Groceries
45,467 visits/mo
0.5 miles
Shell
Shops & Services
5,198 visits/mo
0.3 miles
Taco John's
Dining
4,992 visits/mo
0.3 miles
AutoZone
Shops & Services
3,084 visits/mo
0.5 miles
Pizza Hut
Dining
1,786 visits/mo
0.4 miles
Demographics for 61264, IL
10,157
Population
4,978
Households
2
Avg Household Size
47
Median Age
23%
College-Educated
91%
High-School Grad
68.9 sq mi
ZIP Area
147
Density / Sq Mi
$78,285
Median Household Income
$50,389
Median Earnings
$832
Median Rent
$147,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant Dollar Tree retail property built-to-suit in 2020 with a lease set to expire June 30, 2027.
Where is this retail space located?
The property is located at 480 10th Ave E Milan, IL.
What are key features of this property?
This property features: 9,500 SF single‑tenant Dollar Tree built‑to‑suit in 2020 on about 1.17 acres; Lease commenced June 3, 2020 and expires June 30, 2027, leaving about 6.5 years remaining; Modified triple net lease: landlord covers roof and structure; tenant covers taxes, CAM, insurance, utilities, and HVAC
