Franklin, KY - Dollar Tree

Description:

• The tenant, Dollar Tree Stores, Inc., recently signed a brand new 8-year lease, with 4 (5-year) options to extend, that will commence after the current tenant, Walgreens, lease ends in April 2027
• The lease features rental increases of $0.50/SF/YR in year 5 and at the beginning of each option period, steadily growing NOI and hedging against inflation
• Pricing is based on the year 1 NOI of the Dollar Tree lease, allowing investors to benefit from uncapitalized Walgreens rent through 2/28/2027
• The Walgreens lease currently in place is absolute NNN

• 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

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Listing ID: a28TP000001F7jlYAC