Dollar Tree – Denton, TX

$1,956,076
Price
$127,145
Noi
6.50%
Cap Rate
8,620
Leasable Area
2020
Year Built

CONTACT US REGARDING THIS LISTING

ANDREW BENDER

Investment Advisor

Corey Bunch

Investment Advisor

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 8,620 SF Dollar Tree store located in Denton, Texas.  The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains three (5 year) options to renew, each with a $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 a corner of Teasley Rd (which sees 19,910 vehicles per day).  The building is next to a Walmart’s Neighborhood Market.  The five mile population is nearly 153,000 with the one mile average household income at $115,900/.  These are above-average demographics for a Dollar Tree store.  The one mile average home value exceeds $252,689.

This investment will offer a new owner success due to the financial strength and proven profitability of the tenant, one of the nation’s top dollar stores.  List price reflects a 6.50% cap rate based on NOI of $127,145.00.

INVESTMENT HIGHLIGHTS
• Brand New Featuring Prototype Construction
• Adjacent to Walmart Neighborhood Market
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
•  Three (5 Year) Options | $0.50 PSF Rental Rate Increase at Each
•  19,910 Vehicles Per Day on Teasley Road
•  Investment Credit Tenant | Standard & Poor’s “BBB”
•  Five Mile Population of Nearly 153,000
•  One Mile Average Household Income $115,900
•  Dollar Tree Out Positions Other Retailers in Market

Instate Broker of Record: Avery Murrah | License # 9004477