Family Dollar Tree | Signalized Intersection

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188 Northside Drive
Newton, MS

Price: $1,411,000

Cap: 8.00%

NOI: $112,875

Building Size: 10,500 SF

Lot Size: 1.28 AC

Investment Highlights

8-YEAR CORPORATE NN LEASE WITH DOLLAR TREE

• The subject property is 2021 construction Family Dollar Tree located in Newton, MS.

• This store opened and rent commenced in August 2021.

• There are 8 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.

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

• Landlord responsibilities include Parking Lot Replacement, Roof & Structure.

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

LOCATED AT SIGNALIZED INTERSECTION (23,000 VPD) & DIRECTLY OFF

INTERSTATE 20

• This Family Dollar Tree is located on a corner lot at the signalized intersection of Hwy 15 (13,000 VPD) & Hwy 85 (10,000 VPD)

• Positioned directly off Interstate 20 (23,000 VPD). I-20 connects Newton to Jackson & Meridian, MS.

POSITIONED BETWEEN JACKSON (CAPITAL OF MS) & MERIDIAN, MS

• Newton is located off Interstate 20, 1 hour east of Jackson and 25 minutes west of Meridian, MSA.

• Jackson is the capital and is the most populous city in the state of Mississippi. With a 2020 population of nearly 600,000, metropolitan Jackson is home to over one-fifth of Mississippi's population.

• In 2020, the Jackson metropolitan area held a GDP of 30 billion dollars, accounting for 29% of the state's total GDP of 104.1 billion dollars

• Meridian is the 7th largest city in MS and is the county seat of Lauderdale County and the principal city of the Meridian, Mississippi Micropolitan Statistical Area.

• Meridian built an economy based on the railways and goods transported on them, and it became a strategic trading center. The city serves as a hub of employment, retail, health care, and culture activities.

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

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