Overview

Description

KW Commercial and Keller Williams ONEChicago are pleased to present to investors a 10,800-square-foot Dollar Tree at 14800 Pulaski Rd., Midlothian, IL. The original 10-year lease was recently extended, and the lease currently has over 5 years of term remaining. Two 5-year renewal options with 6% rental increases remain.

 

With ample parking, this Dollar Tree is highly visible and accessible. Pulaski Road has 18,786 vehicles per day and 148th Street has 17,003 vehicles per day. Residents and visitors can easily reach Midlothian and its many attractions via the highway system. Interstate 57, which runs north-south through western Midlothian, is a major highway for commuters to Chicago. Drivers may readily access other major expressways, including Interstate 294, which loops around Chicago and connects to Chicago's northern and western suburbs. Interstate 80, which travels east-west across southern Midlothian, is another important highway. The city's southern suburbs and Interstate 55 and 57 are easily accessible from this freeway.

 

Dollar Tree is a leading national discount retailer offering name brands as well as quality, private brand merchandise. With stores in thousands of communities across the U.S. and Canada, Dollar Tree is known for providing unparalleled values and a “thrill-of-the-hunt” shopping experience. With an ever-changing assortment of products in categories such as seasonal celebrations, party supplies, crafts, snacks, cleaning supplies, and more, we offer more thrills, more fun, and exciting new surprises every week. In July of 2015 Dollar Tree, Inc. (NASDAQ: DLTR), a leading operator of discount variety stores, acquired Family Dollar. Dollar Tree operates over 16,000 stores across 48 states and 5 Canadian provinces. In 2022, consolidated net sales increased 7.6% to $28.32 billion. Enterprise same-store sales increased 5.9%. Dollar Tree same-store sales increased 9.0%, driven by a double-digit increase in average ticket, partially offset by a decline in traffic. Stores operate under the brands Dollar Tree, Dollar Tree Canada and Family Dollar. The company is headquartered in Chesapeake, Virginia and has more than 193,000 associates.


Dollar Tree serves a primary trade area that extends three-miles in all directions. Within this trade area is an estimated population of 84,967 people with average household incomes of $71,662. Within the extended five-mile radius is a population of 249,738 people earning an average household income of $75,339.


RECENT EXTENSION:

Dollar Tree recently early extended their lease by exercising their first renewal option, leaving over five years of term remaining. The lease includes two additional five year options with 6% rental increases in each.

 

INVESTMENT GRADE CREDIT TENANT:

Family Dollar/Dollar Tree (NASDAQ: DLTR) holds investment-grade rated credit with an S&P: BBB. They currently operate over 16,000 locations across the United States with over $28 billion in revenue.

 

HEAVILY TRAFFICKED, SIGNALIZED INTERSECTION: Dollar Tree is highly visible and accessible. Pulaski Road has 18,786 vehicles per day and 148th Street has 17,003 vehicles per day. Residents and visitors can easily reach Midlothian and its many attractions via the highway system.

 

GREAT ACCESS & VISIBILITY:

Dollar Tree has excellent frontage on Pulaski Road and customers can easily access the parking lot from 148th Street.

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