Dollar Tree

Highlights:

• Corporate Guarantee by Investment-Grade Tenant - The lease is corporately guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR), which carries an investment-grade credit rating, providing investors with strong credit quality and long-term income security.
• Essential Retailer Designation - Dollar Tree was classified as an “essential retailer” during the COVID-19 pandemic, underscoring the resilience and necessity of its business model even during periods of economic disruption.
• Favorable Tax Environment - Located in Texas, a state with no personal income tax, which enhances consumer purchasing power and contributes to a business-friendly economic climate.
• Affluent Surrounding Demographics - The average household income within a ±5-mile radius is approximately $126,354 indicating strong local spending capacity.
• High Traffic Location - The property benefits from excellent visibility and access along Davis Boulevard, which experiences traffic volumes of approximately 28,469 vehicles per day (VPD), supporting consistent customer traffic.
• Densely Populated Trade Area - Approximately 295,120 residents live within a 5-mile radius and over 1,007,412 residents within a 10-mile radius, providing a strong and growing consumer base.
• Established Tenant Commitment - Dollar Tree has operated at this location for over a decade and has already exercised its first lease extension option, reflecting long-term operational success and commitment to the site.
• Quality Construction - The building features durable all-brick construction, minimizing long-term capital expenditure and enhancing structural longevity.
• Attractive Rental Increases - The lease includes rare 10% rental escalations during the option periods, offering built-in income growth and a hedge against inflation.

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