Family Dollar Tree | Henry, IL
Fortis Net Lease is pleased to present this 10,500 SF. freestanding Family Dollar | Dollar Tree, dual concept store located in Henry, Illinois. The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a $0.50 PSF rental rate increase. The lease is corporately guaranteed by Dollar Tree which holds a credit rating of “BBB-”, which is classified as Investment Grade. The store has completed construction and successfully opened for business in March 2024.
This Family Dollar | Dollar Tree store is highly visible as it is strategically positioned on the hard corner of Country Road 1350N & University Avenue which sees 4,834 cars per day. With 2 points of ingress/egress points, the store is easily accessible from either street. It sits across the street from a Casey’s gas station & Henry-Senachwine High School. The ten mile population from the site is 10,721 while the three mile average household income is $61,381 per year, making this location ideal for a Family Dollar |Dollar Tree store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar | Dollar Tree 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 7.45% cap rate based on NOI of $126,575.
INVESTMENT HIGHLIGHTS
• Dual Concept Stores See a 20% Increase in Revenue
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• 2024 BTS Construction | Opened in March 2024
• Four (5 Year) Options | $0.50 PSF Rental Rate Increase
• Across From a Casey’s Gas Station & Local High School
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• Hard Corner Location | 4,834 Cars Per Day
• 2 Points of Ingress/Egress | Accessible from Either Street
• 3 Mile Average Household Income
• $61,38110 Mile Population 10,721
Instate Broker of Record: Eli Schultz | Fortis Net Lease