Family Dollar Tree | Signalized Intersection
10,500 SF | Retail Building | Newton, MS 39345 | $1,411,000 ($134/SF) | 8% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,411,000
- Property Type
-
Retail
- Square Feet
- 10,500 SF
- Price / Square Foot
- $134
Listing Contacts
William Davis
Verified Profile
- Property Info
Property Overview
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.
• 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.
Property Details
- Class
- B
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 1,437,480 SF
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