Brazil, IN - Dollar Tree

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, corporate guaranteed Dollar Tree investment property located in Brazil, Indiana. The tenant, Dollar Tree Stores, Inc., recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features variable rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal investment opportunity for a passive investor. The property features a brand new roof with a 15 year warranty.

The subject property has excellent visibility, significant street frontage, signage, and multiple points of access at the signalized, hard corner intersection of along E. National Avenue and S. Lambert Street. E. National Avenue is the primary retail thoroughfare serving the immediate area and supporting 17,500 vehicles passing daily. The site receives considerable consumer traffic from its position along the thoroughfare and crossover exposure received from other strong retailers in the area including Walmart, Kroger, McDonald’s, Taco Bell, Circle K, Wendy’s, Circle K, and Hardee’s, all within 2-miles of Dollar Tree. The surrounding area provides the ideal consumer base for the tenant, comprised of many single family communities and nearby schools. Furthermore, there are 300+ multi family and apartment units with 1-mile of the property, providing an additional, direct consumer base from which to draw. The 5-mile trade area is supported by a population of over 17,500 residents and 7,400 employees with an average household income of $86,523.