Brand New Dollar Tree | Family Dollar

Highlights:

• Dual Concept Stores See a 20% Increase in Revenue
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• 2023 BTS Construction | Opened in December 2023
• Four (5 Year) Options | $0.50 PSF Rental Rate Increase
• Across From a Casey's & Gas Station
• Investment Credit Tenant | Standard & Poor's: 'BBB-'
• 4,414 Cars Per Day on 2nd Avenue
• 3 Points of Ingress/Egress | Accessible from 1st & 2nd Avenue
• 3 Mile Average Household Income $74,225
• 10 Mile Population 5,802

Description:

We are pleased to present this 10,500 SF. freestanding Family Dollar | Dollar Tree, dual concept store located in Sibley, Iowa. The area property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a $0.50 PSF rental rate increase. The lease is corporately guaranteed by Dollar Tree which holds a credit rating of “BBB-”, which is classified as Investment Grade. The store has completed construction & successfully opened for business in December 2023!

This Family Dollar | Dollar Tree store is highly visible as it is strategically positioned between 1st Avenue & 2nd Avenue which sees 4,414 cars per day. With 3 ingress/egress points, the store is easily accessible from either street. It sits across the street from a Casey's & gas station. The ten mile population from the site is 5,802 while the three mile average household income is $74,225 per year, making this location ideal for a Family Dollar | Dollar Tree store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar | Dollar Tree store. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of t he nation’s top dollar stores. List price reflects a 7.85 % cap rate based on NOI of$116,550

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