2024 build-to-suit construction for Dollar Tree
±10 year NN+ lease with limited landlord responsibilities
Explosive growth in Bondurant with over 15% population increase since 2020
Des Moines MSA (less than ± 10 miles from subject property)
5 mile population in excess of 33,360 residents
10 mile population in excess of 175,479 residents
The subject property comes with a 20-year transferable roof warranty
Extremely strong average household income of $132,029 annually proving an affluent surrounding community to support the store for years to come
Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales / profitability
Investment Grade Credit Tenant – S&P Rated BBB