Dublin, VA - Dollar Tree

Description:

• The tenant currently has over 7 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features $0.50/SF increases at the beginning of each option, growing NOI and hedging against inflation
• Dollar Tree, a Fortune 200 Company, operated 16,590 stores across 48 states and five Canadian provinces as of November 2, 2024

• The asset is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Burger King, Wendy’s, Taco Bell, O’Reilly Auto Parts, FedEx, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The site is in close proximity to New River Community College (4,137 students), further increasing consumer traffic to the immediate area
• The asset is located along Cleburne Blvd which averages 15,000 VPD
• The site benefits from nearby direct on/off ramp access to Interstate 81, a major thoroughfare that averages 48,000 vehicles passing by daily
• The asset has excellent visibility via significant street frontage and a large pylon sign