Family Dollar | Recent Lease Extension

BACK TO LISTINGS

200 East Liberty Dr
Thorp, WI

Price: $1,073,000

Cap: 9.00%

NOI: $96,496

Building Size: 8,320 SF

Lot Size: 1.58 AC

Investment Highlights

LOWER RENT & PRICE POINT

• The subject property has a low rent which equates to a low price point of $1,073,000.

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.

NEAR EAU CLAIRE | 2ND FASTEST GROWING CITY IN WI

• The subject property is located 30 minutes east of downtown Eau Claire on Highway 29.

• Eau Claire is the 8th most populous city and the second fastest-growing major city in Wisconsin.

• Family-owned farms, food processors and agriculture-related businesses generate thousands of jobs and millions of dollars of economic activity for Eau Claire County

• Home to multiple colleges and universities including the University of Wisconsin – Eau Claire with nearly 10,000 students.

• Chippewa Valley Regional Airport supports 22,820 passengers and over 200K Ibs of cargo per year.

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.

Name

Phone

Email

Principal or Broker?