Dollar Tree Center – Ava, MO
Fortis Net Lease is pleased to present this 22,000 SF. Dollar Tree anchored strip center located in Ava, Missouri. The property is secured with Dollar Tree on a 10 year Double Net (NN) Lease. The lease contains 5 (5 Yr.) Options to renew, each with a $0.50 PSF rental rate increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-”, which is classified as Investment Grade. There is an additional 12,000 SF with a 2 year master lease. The 2 year lease will commence at close of escrow.
Dollar Tree has been open & operating successfully since November of 2020.This Dollar Tree anchored center is highly visible as it is strategically positioned on Springfield Road which sees 3,745 cars per day. The ten mile population from the site is 5,653 while the three mile average household income is $45,065 per year, making this location ideal for a Dollar Tree. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar Tree. 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 8.00% cap rate based on NOI of $219,000 (The 8.00% cap rate is based on the blended cap rates of the Dollar Tree Rent at 6.50% & the Master Lease rent at 10.00%).
• Dollar Tree Anchored 2 Tenant Strip Center
• 12,000 SF Vacancy Available – Master Leased to Provide Income while Repositioning
• Double Net Lease | Minimal Landlord Responsibilities
• Five (5 Year) Options | $0.50 PSF Increase at Each
• Three Mile Household Income $45,065
• Ten Mile Population 5,653
• 3,746 VPD on Springfield Road
• Investment Grade Dollar Store with “BBB” Credit Rating
• Nestled Between a McDonalds and Taco Bell Restaurant
• Nearby Retails Include Walmart, Sears, O’Reilly, True Value, and Sonic Drive-In
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.