Dollar Tree
8,620 SF | Retail Building | Denton, TX 76210 | $2,120,000 ($246/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,120,000
- Property Type
-
Retail
- Square Feet
- 8,620 SF
- Price / Square Foot
- $246
Listing Contacts
Tommy Tucker
Verified Profile
Cody Strull
Verified Profile
- Property Info
Property Overview
Dollar Tree is a corporate guaranteed single tenant retail asset located adjacent to a Walmart Neighborhood Market within the high-growth DFW submarket of Denton, Texas. Built in 2020 on 1.04 acres of land, the Property is approximately 35 minutes from both downtown Dallas and downtown Fort Worth. Dollar Tree has over 6 years left on it’s primary term with three (3) five-year renewal options and a $0.50 PSF rent bump with every five (5) year renewal option. The lease features limited landlord responsibilities and an annual rent of $14.75 PSF NN. Dollar Tree, Inc. (NASDAQ: DLTR) reported revenue in excess of $28.3 billion in 2023 and is rated “BBB” by S&P. Dollar Tree, Inc. is the leading operator of discount variety stores with over 16,000 locations across North America and is ranked #144 on the Fortune 500 list in 2024. The Property benefits strong demographics, excellent visibility to Teasley Lane, partial masonry construction with engaging architectural elements and shared accessibility to the large Walmart Neighborhood Market monument sign. The average household income exceeds $135,300, $122,300 and $110,000 in a one, three and five mile radii, respectively. Notable retailers in the area include Walmart Neighborhood Market, Walmart Fuel Station, 7-Eleven, CVS, Subway, Club Pilates, O’Reilly Auto Parts and Valvoline Express Care amongst others.
Property Details
- Class
- C
- Year Built
- 2020
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Storefront
- Lot Size (sq. ft)
- 45,738 SF
Highlights
- Corporate Guaranteed Single Tenant Asset Adjacent to Walmart Neighborhood Market Located in the High-Growth Denton, TX (DFW)
- Dollar Tree, Inc. (NASDAQ: DLTR) Credit Rated “BBB” by S&P, Considered Investment Grade; Over $28.3 Billion of Revenue in 2023
- 6+ Years Remaining on Primary Term with $0.50 PSF Escalations During Each of the Three (3), Five-Year Renewal Options
- Average Household Income Exceeds $135,300, $122,300 & $110,000 in a 1, 3 & 5 Mile Radii Respectively
- Robust Population Growth Throughout Denton with 186% Increase in a 1 Mile Radius of the Property Since 2000
- Annual Rent of $14.75 PSF NN
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].