Dollar Tree – Caruthersville, MO
Fortis Net Lease is pleased to present this 9,990 SF Dollar Tree store located in Caruthersville, Missouri. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contain five (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-” which is classified as investment grade.
This Dollar Tree is highly visible as it is strategically positioned on the corner of Locust Avenue and N Truman Blvd. which sees 9,689 cars per day. The ten mile population includes 11,216 residents and the three mile average household income at $40,445. These are ideal demographics for a Dollar Store.
This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 6.95% cap rate based on NOI of $88,911.
• Brand New Featuring Modern Prototype Construction
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• Five (5 Year) Options with $0.50 PSF Rent Increase at Each
• 9,689 Vehicles Per Day on N Truman Blvd.
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• Ten Mile Population 11,216
• Three Mile Average Household Income $40,445
• Dollar Tree Out Positions Other Retailers in Market
• 1.4 Miles From Century Casino Caruthersville
• Located in Downtown Caruthersville Near Many National Retailers
Instate Broker of Record: Adam Blue | Area Real Estate Advisors | License # 2002027677