Family Dollar | Recent Lease Extension

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8635 North Route 300 West
Lake Village (Chicago MSA), IN

Price: $1,022,000

Cap: 9.00%

NOI: $91,934

Building Size: 13,604 SF

Lot Size: 3.3 AC

Investment Highlights

LOWER RENT & PRICE POINT

• The subject property has a low rent which equates to a low price point of $1,022,000.

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.

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

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

• This lease extension & rent increase speaks to Dollar Tree'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 only 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.

CHICAGO MSA | LARGEST CITY IN IL

• Lake Village is located an hour south of Chicago on Highway 41 and is a part of the MSA.

• Chicago is the largest city in Illinois and the third largest city in the United States with a population over 2.6 million.

• Multiple DOW 30 companies are based in Chicago including Boeing, McDonald’s, Walgreens and more.

• Chicago has been named the “Best Sports City” for multiple years for being home to the Chicago Bears, Chicago Cubs, Chicago Blackhawks, the Chicago Bulls and many more.

• Home to multiple reputable universities including Northwestern University (21,000 students), The University of Chicago (14,467 students), Loyola University of Chicago (16,437 students) and many more.

• Home to the second busiest airport in the world, O’Hare International Airport, that serves over 85 Million passengers per year

Don McMinn

678-808-2762 | EMAIL >

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