Franklin, KY - Dollar Tree

Description:

• The tenant, Dollar Tree Stores, Inc., recently signed a brand new 10-year lease, with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features flat rent during the initial term and variable rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• The tenant is paying rent of approximately $10 PSF

• The subject property is strategically located at the signalized, hard-corner intersection of Montague St and S Main St, combining to average over 19,100 vehicles passing by daily
• The site is in the center of a primary retail corridor with other nearby national/credit tenants including Piggly Wiggly, Harbor Freight, Ace Hardware, Dollar General, CVS, O’Reilly Auto Parts, Taco Bell, Hardee’s, and many more further increasing consumer traffic to the site
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site