BRAND NEW CONSTRUCTION DOLLAR TREE
• The subject property is a new construction 10,000 SF Dollar Tree located in Buena Vista, VA.
• The store is currently open and rent commenced in September 2024.
INVESTMENT GRADE TENANT (S&P:BBB) WITH 8,744 LOCATIONS
• Dollar Tree is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree operates 8,744 locations in 48 states
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
NEW 10-YEAR CORPORATE LEASE
• Brand new 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for parking lot maintenance (repair, striping, sealing, etc), taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof, Structure and Parking Lot Replacement.
• The rent increases by $.50/SF every 5 years in each of the five, 5-year option periods.
ACROSS FROM SOUTHERN VIRGINIA UNIVERSITY (1,170 STUDENTS)
• The subject property is located across from Southern Virginia University near the intersection of Hwy 60 and Beech Ave (Combined 19,700 VPD).
• Southern Virginia University is a private liberal arts institution with 1,170 students and 165 faculty members.
LOCATED ON HIGHWAY 60 (11,000 VPD)
• This Dollar Tree is positioned on Hwy 60 which sees 11,000 vehicles per day and is next to a signalized intersection with a combined 19,700 vehicles per day.
• Located within 3 miles of multiple manufacturing plants with over 1,000 employees.
LYNCHBURG MSA | 5TH LARGEST MSA IN THE STATE
• Buena Vista is located 37 miles north of downtown Lynchburg off Interstate 81 (41,000 VPD) and is apart of the MSA.
• Lynchburg is centrally located in Virginia, with easy access to Roanoke, Richmond, and Washington, D.C.
• Home to multiple colleges and universities including Liberty University, one of the largest private universities in the US, with 16,000 on campus students and 127,000 online students.
• In 2024, Lynchburg began is 4th phase of the Downtown Renewal Project which will upgrade the cities infrastructure by replacing old waterlines, enhancing sewer and storm systems, and beautifying streetscapes to foster a pedestrian-friendly environment.
• Framatome, a nuclear technology company, is investing $49.4 million to expand its Lynchburg facility, a move expected to create 515 new jobs and bolster the city’s position as a hub for the nuclear industry.