INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
9 YEAR CORPORATE LEASE
• Dollar Tree renovated & backfilled a former hardware store and signed a new 10 year lease that commenced in May 2023.
• There are 9 years left on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for routine parking lot maintenance and repair including restriping. Tenant is also responsible for Landscaping, HVAC, Insurance, Taxes, and Utilities.
• The Landlord responsibilities include Roof, Structure and Parking Lot.
• The rent increases $0.50/SF in each of the Five, 5-year option periods.
ADJACENT TO 350,000 SF MANUFACTURING COMPLEX
• The subject property is adjacent to Midwest Industries, a 350K SF manufacturing complex that sits on 15 AC and has over 300 employees.
• Other manufacturing facilities within 1 mile include Gomaco Corp., Hawkeye Fabrication Inc., Wurth Industries and more.
• Horn Memorial Hospital is 1 mile away and has over 200 full time employees.
NEAR SIOUX CITY, IA | 4TH LARGEST CITY IN IA
• The subject property is located 1 hour east of Sioux City in Ida Grove, IA.
• Sioux City is located in the northwestern part of the state and is the fourth largest city in IA with an MSA population of 149,940.
• Sioux City is at the navigational head, or the furthest upstream point to which general cargo ships can travel, of the Missouri River.
• There are 6 colleges located in Sioux City and 33 within 100 miles enrolling a total of 105,248 students.
• Sioux Gateway Airport serves both domestic and international flights and welcomes over 200,000 passengers annually.
• National Retailers in Sioux City include Target, Lowe’s Home Improvement, Home Depot, Hobby Lobby, Sam’s Club and more.