Dollar Tree – Marshall, MO
Fortis Net Lease is pleased to present this 8,000 SF Dollar Tree store located in Marshall, MO. The property is encumbered with a NN Lease, leaving Limited landlord responsibilities. The lease contains 2 (5) Yr. Options to renew, each with a rental rate increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-”. Dollar Tree recently extended the lease term through 8/31/2024, showing the continued success, and corporate belief in this location.
This Dollar Tree is highly visible as it is strategically positioned on Cherokee Dr. off Lexington Ave. The five-mile population from the site is 14,305 while the one-mile average household income $51,927 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. List price reflects a 7.65% cap rate based on NOI of $70,800.
• NN Lease | Limited Landlord Responsibilities
• 5.6 Year Remaining / 2 (5 Year) Options
• One Mile Household Income $51,927
• Five Mile Population 14,305
• Walmart Out Parcel | Major Retail Area
• Traffic Count – 11,492 cars per day
Instate Broker of Record: Adam Blue | Area Real Estate Advisors | License # 2002027677