Overview

Description

• Both leases are signed by publicly traded companies
• Ollie’s Bargain Outlet (NASDAQ: OLLI) recently signed the lease, and is currently open / operating. The lease features 10 years in the initial term and three 5-year options to extend
• Dollar Tree (NASDAQ: DLTR | S&P: BBB) has operated on site for over 20 years, and recently signed a new extension for 10 years and additional three 5-year options, showing strong commitment to the site

• The subject property sits within Lowe’s anchored shopping center
• Irving Mall, a 1 million SF super regional shopping mall, sits just on the other side of the highway, drawing customer stream to the immediate trade area
• Nearby national/credit tenants include Macy’s, AMC Theatre, The Home Depot, Target, Walmart Supercenter, and more
• Strong tenant synergy promotes crossover shopping to the subject property

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