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Family Dollar Tree 1610 Chatburn Ave

10,500 SF 100% Leased Retail Building Harlan, IA 51537 $1,260,000 ($120/SF) 8% Cap Rate

Investment Highlights

  • 2023 Retrofit Family Dollar Tree
  • Corporately guaranteed lease
  • Family Dollar Tree Combo stores have proven 20% higher sales volume than non-co-branded stores
  • ±8.75 years remaining on an initial 10-year lease
  • Rent increases of $5,250 ($0.50 / SF) in all five, 5-year options
  • The subject property comes with a 20-year roof warranty

Executive Summary

BROKER OF RECORD
ADAM MAREK
LIC # F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2023
Price
$1,260,000
Price Per SF
$120
Cap Rate
8%
NOI
$100,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.38 AC
Zoning
Commercial - Commercial
Parking
40 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
185 FT on Chatburn Avenue

Nearby Major Retailers

Scooter's Coffeehouse
Hy-Vee
  • Listing ID: 34411861

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 1610 Chatburn Ave, Harlan, IA 51537

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