Pleasant Grove, AL - Dollar Tree

Description:

• Dollar Tree (S&P: A-) corporate signed lease
• Dollar Tree has 4+ years remaining with 4 (5-year) option periods to extend
• The lease features $5,000 increases to annual rent at the beginning of each option period
• The property recently underwent roof repairs that included updating and replacing damaged or worn components as well as full sealing (replacement was deemed unnecessary) | Contact Listing Agent for further details
• The offering provides investors with the potential to dramatically increase the cap rate upon leasing the vacant space
• Dollar Tree recently exercised a 5-year extension demonstrating their commitment to the site

• The subject property is located in the center of Pleasant Grove’s primary retail corridor with other national/credit tenants such as Dollar General, CVS, Subway, Hill’s Foodland, and more
• Approximately a 15 minute drive from downtown Birmingham
• Strong tenant synergy promotes crossover shopping to the subject property