Fortis Net Lease is pleased to present this 8,000 SF Dollar Tree Store store located in Haughton, LA. The property is encumbered with a ?ve (5) year double net lease extension, leaving minimal landlord responsibilities. The lease contains multiple (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classi?ed as investment grade.
This Dollar Tree is highly visible as it is strategically positioned off of Elm St (which sees over 7,600 vehicles per day). The three-mile population is in excess of 7,500+ with the three-mile average household income at $63,982. These are above-average demographics for a Dollar Store.
This investment will offer a new owner success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. The List price re?ects a 9% cap rate based on NOI of $45,068.