Dollar Tree - Corporate STNL 330 W Dixon Blvd

Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc., as exclusive investment sale advisors to seller, are pleased to present the opportunity to acquire a single tenant corporate Dollar Tree located in the highly sought after Greater Charlotte region (the “Property”). The Property is secured by a corporate lease with Dollar Tree Stores, Inc. (NASDAQ: DLTR), an industry-leading and investment-grade tenant (S&P: BBB) boasting a remarkable $15 billion market capitalization. With over nine years remaining in the base term and five optional 5-year extensions, the lease terms provide a stable investment outlook. Of the 16,000 Dollar Tree and Family Dollar stores in the corporate portfolio, Dollar Tree operates in over 8,800 locations across 48 states, and opened 650 new stores in 2023, surpassing their previous record of 455 stores opened in the previous year. Situated on a substantial 2.24-acre parcel, the Property comprises a recently renovated 13,824 SF building and 57 surface parking spots, catering to the needs of Dollar Tree’s customers and enhancing the overall appeal of this investment opportunity.
The Property is located within the Greater Charlotte region, one of the fastest growing metroplex’s in the United States and is expected to grow by an astonishing 47% to 2.74 million people within the current decade (2030). Situated in Shelby, North Carolina, the county seat of Cleveland County and less than 40 miles west of Charlotte Douglas International Airport, the Property benefits from the tremendous growth occurring within the metroplex. In 2024, Shelby and surrounding areas of Cleveland County were named as the number one top small town in North Carolina and number seven in the nation out of 543 micropolitan communities (Site Selection Magazine), based on qualifying new or expanding projects that create a minimum capital investment of at least $1 million, create at least 50 new jobs or add at least 20,000 square feet of new floor area. In total, the Cleveland County Economic Development Partnership announced 11 projects last year that resulted in a capital investment of over $395 million and the creation of 367 new jobs in Shelby.