Family Dollar Tree | 8.25% Return

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9 S. Broadway St
Herington, KS

Price: $1,178,000

Cap: 8.25%

NOI: $97,170

Building Size: 11,807 SF

Lot Size: 0.55 AC

Investment Highlights

LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.25% RETURN

• This property has a lower rent & price point under $1.2M and has an attractive 8.25% return which is unique for investment grade credit in this market.

7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE

• The subject property is a 2021 renovated Family Dollar Tree located in Herington, KS.

• This store opened and rent commenced in July 2021

• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.

• Tenant is responsible for Parking Lot Resealing & Restriping, Taxes, Insurance, HVAC, and Utilities.

• There are limited Landlord responsibilities which include Roof & Structure and Parking Lot Repaving.

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 and is expanding by 600 stores each year.

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

NEAR JUNCTION CITY, KS & FORT RILEY

• The subject property is located on Hwy 77, 30 minutes south of Junction city & Fort Riley.

• Junction City is the county seat of Geary County and is home to Fort Riley

• Fort Riley serves a population of more than 67,000 including approximately 15,400 active duty members, 19,600 family members, 6,100 civilian employees as well as 26,000 retirees and veterans who live in the region and/or work at the post

• Fort Riley encompasses 101,733 acres with 91,597 dedicated to training areas that are key to Soldier readiness.

• For Fiscal Year 2023, the total impact Fort Riley was determined to be $1.9 billion

• National retailers in Junction city include Walmart, ALDI, Tractor Supply, and more.

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

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