Dollar Tree | New 10yr Corp NN w/ Incrs | 501 E National Ave
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Dollar Tree | New 10yr Corp NN w/ Incrs 501 E National Ave
14,704 SF Retail Building Brazil, IN 47834 $2,231,000 ($152/SF) 7.25% Cap Rate
Investment Highlights
- New 10 Year Lease | Options To Extend | Scheduled Increases | Corporate Guaranteed | Brand New 15-Year Roof Warranty
- Excellent Visibility & Access | Signalized, Hard Corner Intersection E. National Ave (17,500 VPD) | Retail Corridor
- NN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Direct Consumer Base
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, corporate guaranteed Dollar Tree investment property located in Brazil, Indiana. The tenant, Dollar Tree Stores, Inc., recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features variable rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal investment opportunity for a passive investor. The property features a brand new roof with a 15 year warranty.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,704 SF
Building Class
C
Year Built
2006
Price
$2,231,000
Price Per SF
$152
Cap Rate
7.25%
NOI
$161,744
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Land Acres
1.26 AC
Zoning
GB - General Business
Parking
45 Spaces (3.06 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $637,800 | |
Land Assessment | $33,200 | Total Assessment | $671,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$33,200
Improvements Assessment
$637,800
Total Assessment
$671,000
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Dollar Tree | New 10yr Corp NN w/ Incrs | 501 E National Ave
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