Family Dollar Tree | Low Rent & Price Point
10,500 SF | Retail Building | Belleville, KS 66935 | $1,247,000 ($119/SF) | 8% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,247,000
- Property Type
-
Retail
- Square Feet
- 10,500 SF
- Price / Square Foot
- $119
Listing Contacts
Don McMinn
Verified Profile
Colby Haugness
Verified Profile
- Property Info
Property Overview
LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN
• This property has a lower rent & price point of $1.2M and has an attractive 8.00% 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 construction Family Dollar Tree located in Belleville, KS.
• This store opened and rent commenced in September 2021.
• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for Parking Lot Maintenance, HVAC, Utilities, Insurance, Taxes.
• There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement.
• There are 10% rent increases in each of the five, 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 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
• Belleville is located in North KS about 1.5 hours north 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.
• This property has a lower rent & price point of $1.2M and has an attractive 8.00% 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 construction Family Dollar Tree located in Belleville, KS.
• This store opened and rent commenced in September 2021.
• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for Parking Lot Maintenance, HVAC, Utilities, Insurance, Taxes.
• There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement.
• There are 10% rent increases in each of the five, 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 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
• Belleville is located in North KS about 1.5 hours north 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.
Property Details
- Class
- C
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 12,197 SF
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