Fortis Net Lease is pleased to present this retro?t 20,000 SF Dollar Tree & Family Dollar Hybrid store located in Mount Carmel, IL. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains four (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 Store is highly visible as it is strategically positioned near the intersection of 9th St and Walnut St, which is the highest-trafficked intersection in Mount Carmel. The ?ve-mile population is 8,779 with a three-mile average household income of $63,045. These numbers are above average for the typical 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 reflects a 8.00% cap rate based on NOI of $110,000.