(Building & Land) Fee Simple.
Dollar Tree has a Brand new 10-year NN* lease with $0.50 PSF rental escalations every 5 years in renewal options. The Tenant, Dollar Tree Stores, Inc. (NASDAQ: DLTR | S&P Credit Rating: BBB | Moody’s Rating: Baa2 | a Fortune 500 Company) operated 16,590 stores (16,342 in the U.S. & 248 in Canada) under the Dollar Tree, Dollar Tree Canada & Family Dollar brand names as of November 2, 2024. It is a Brand new, build-to-suit construction to Dollar Tree’s latest prototype (10,000 SF) – opened in February 2025.
The Asset is Positioned on a ±0.90-acre lot with just off the southwest corner of SE 89th St & S Bryant Ave where traffic counts exceed 9,520 CPD!
Major retailers within a 20-minute drive include Costco, Walmart, Target, Sam’s Club, Home Depot, Lowe’s, At Home, Hobby Lobby, Kohl’s, Burlington, Marshalls, Ross Dress For Less, Dick’s Sporting Goods, Old Navy, Best Buy, Ulta Beauty, Five Below, Popshelf, PetSmart, ALDI, WinCo Foods, Half Price Books, Goodwill, Regal Theatres, and Gold’s Gym.