Family Dollar Tree – Stockton, MO

$1,833,461
Price
$119,175
Noi
6.50%
Cap Rate
10,500
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this 10,500 SF. freestanding Family Dollar | Dollar Tree, dual concept store located in Stockton, Missouri. The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains 5 (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 is currently under construction and on track for a rent start date in January 2023.

This Family Dollar | Dollar Tree store is highly visible as it is strategically positioned on the corner of Church Street and East Street which sees 7,065 cars per day. It is easily accessible from both street with 3 points of ingress and egress. The ten mile population from the site is 6,838 while the three mile average household income is $46,985 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 6.50% cap rate based on NOI of $119,175.

INVESTMENT HIGHLIGHTS
• Dual Concept Stores See a 20% Increase in Revenue
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• 2022 BTS Construction | January 2023 Rent Start
• Five (5 Year) Options | $0.50 PSF Rental Rate Increase
• Corner Location in Downtown Stockton
• Accessible from 3 Different Streets | 3 Points of Ingress/Egress
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• 7,065 Cars Per Day on East Street
• 3 Mile Average Household Income $46,985
• 10 Mile Population 6,838
• Surrounded by Business & Residential

Instate Broker of Record: Brian Brockman | Bang Realty, Inc.

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Kyle Carson

Senior Advisor

Ben Schultz

Senior Director

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