Corporate Freestanding STNL Dollar Tree Store

Pegasus Investments Real Estate Advisory Inc., and ParaSell, Inc., as exclusive advisors to the seller, are pleased to present an exciting opportunity to acquire a free-standing, single tenant corporate net leased Dollar Tree located in Nashville (Lebanon), Tennessee (the “Property”). The Property is secured by a corporate lease with Dollar Tree Stores, Inc. (NASDAQ: DLTR), an industry-leading, investment-grade tenant (S&P: BBB) boasting a remarkable $30 billion market capitalization. After several decades of operating history as a Rite Aid, Dollar Tree subleased the property in 2019, and signed a new 10-year lease in early 2023 at the same rental rate due to exceptional store performance.
The Property currently ranks in the top 20% of Dollar Tree stores in the state and the top third nationally by foot traffic, according to Placer.ai. Situated on a substantial 1.6-acre parcel, the Property comprises a recently renovated 13,824 SF building and 70 spaces. Of the 16,000 Dollar Tree and Family Dollar stores in the corporate portfolio, Dollar Tree operates over 8,100 locations across 48 states, and opened 650 new stores in 2023, surpassing their previous record of 455 stores opened in the previous year.
Strategically located at a signalized intersection along the region’s primary retail corridor, the Property benefits from its proximity to nationally top performing retail hubs. Adjacent to the Kroger-anchored Westview Plaza and across from Western Plaza, anchored by Marshall’s, the Property is positioned in a bustling area that draws over 2 million annual visitors. These centers rank among the top 5% and 12% of Strip Centers nationwide by visits, respectively, as reported by Placer.ai. The Property leverages its strategic placement next to the #1 and #2 most visited Strip Centers in East Nashville, enhancing its appeal and potential for success through the auxiliary traffic generated by these thriving retail destinations.