Dollar Tree – Potosi, MO
Fortis Net Lease is pleased to present this 9,979 SF Dollar Tree store located in Potosi, 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, including each option. 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 State Highway 21 which sees 6,142 vehicles per day and State Highway 8 which sees 20,861. The site sits adjacent to Washington County Memorial Hospital, a general medicine and surgical facility, which has 25 beds. The ten mile population has 23,652 residents with the three mile average household income at $47,723. These are above-average 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 $103,781.50.
• Brand New Featuring Modern Prototype Construction
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• $0.50 PSF Rental Rate Increase in Year 6
• Saint Louis, MO MSA
• Five (5 Year) Options with $0.50 PSF Rent Increase
• 20,861 Vehicles Per Day on State Highway 8
• 6,142 Vehicles Per Day on State Highway 21
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• Ten Mile Population 23,652
• Three Mile Average Household Income $47,723
• Dollar Tree Out Positions Other Retailers in Market
Instate Broker of Record: Adam Blue | Area Real Estate Advisors | License # 2002027677