Family Dollar | Recent Lease Extension

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126469 Lakeland Ave S.
Webster, WI

Price: $1,017,000

Cap: 9.00%

NOI: $91,448

Building Size: 8,320 SF

Lot Size: 0.64 AC

Investment Highlights

LOW RENT & PRICE POINT

• The subject property has a low rent which equates to a low price point of $1,017,000.

RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE

• This Family Dollar Tree has been operating at this location since 2013 and recently extended the lease for an additional 5 years.

• Family Dollar exercised their first option period in July 2023 which extended the lease through June 2028 and increased the rent 10%.

• There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree.

• This extension and rent increase speak to Family Dollar's confidence and dedication to this market & location.

• Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities.

• There are limited Landlord responsibilities which include Roof & Structure.

• There are 10% rent increases in each of the remaining four, 5-year option periods.

INVESTMENT GRADE TENANT

• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.

• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

NEAR MINNEAPOLIS – SAINT PAUL | CAPITAL OF MN

• Webster is located 1.5 hours north of Minneapolis – Saint Paul.

• Minneapolis–Saint Paul is a metropolitan area in the Upper Midwestern United States centered around the confluence of the Mississippi, Minnesota and St. Croix rivers in the U.S. state of Minnesota

• The area is Minnesota's economic, cultural, and political center and is commonly known as the Twin Cities.

• The Minneapolis–Saint Paul area is home to 24 Fortune 1000 headquarters including United Health Group, Target, Best Buy and more.

• The Twin Cities' economy is the nation's 13th-largest and ranks second in the Midwest after Chicago.

Don McMinn

678-808-2762 | EMAIL >

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