Morrow, GA - Dollar Tree

Description:

• Dollar Tree has operated at this location for 10 years and has 4 years remaining on their current lease
• Lease was extended in March 2024, 9 months before the notice date.
• The lease is corporate guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR)., an investment grade (S&P: BBB), nationally recognized, and an established discount store with 9,200 stores and 18 distribution centers across 48 contiguous states and seven Canadian provinces
• The lease offers two (5-year) options to extend, with 5% rental increases at the beginning of each option period

• The site is located less than 2 miles from Clayton State University with more than 6,000 students, creating a consumer pool of faculty, teachers, and students
• Dollar Tree benefits from being located in a retail corridor with other national/credit tenants such as Walmart Supercenter, TJ Maxx, Taco Bell, and more
• The asset is located on a signalized hard corner of Lake Harbin Road and Maddox Road for a combined average of 16,100 vehicles per day
• The property has easy access to Interstate-75, which has an average of 160,000 vehicles per day

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Listing ID: a28TP000002MREvYAO