CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in a Dollar Tree located in Middletown, Ohio. The 11,180 square foot property sits on 1.55 acres. The property is subject to a brand-new ten-year triple-net lease. The lease is corporately guaranteed by Dollar Tree which boasts an investment grade credit rating of ‘BBB’ by Standard & Poors. There are $0.50 per square foot rent increases in each option period.
The subject property is ideally positioned on a hard corner, signalized intersection. The site benefits from traffic counts of over 19,700 vehicles per day. Retailers nearby include O’Reilly Auto Parts, AutoZone, First Financial Bank, Dollar General, Sunoco and more. The property is strategically located in a dense residential area. There are numerous schools in the area including Middletown High School and Middletown Middle School which has nearly 2,700 combined students. In addition, Miami University Middletown is located approximately two miles from the subject property and has over 1,400 students enrolled. The area is densely populated with over 84,000 people residing within five miles of the subject property.