520 Edwardsville Rd
Troy, IL 62294

Marcus & Millichap is pleased to present the newly constructed Dollar Tree in Troy, Illinois (St Louis MSA). Dollar Tree is ranked 136 of 500 on the Fortune 500 list. The Tenant has entered into a new 10 year NN lease scheduled to begin in June 2018. The scheduled rent is $85,500 for the first 10 years with Escalations in each of the three 5 year renewal options. The only Landlord responsibilities for this property are the roof and structure, for which the roof carries a 15 year warranty and the building is all new construction. The Lease is corporately guaranteed by Dollar Tree, which has an investment grade BBB- Credit Rating by Standard & Poor's. Dollar Tree reported annual revenues of $22.5 billion during the 2017 fiscal year. The company operates more than 14,500 Dollar Tree, Deal$, Dollar Bills, and Family Dollar discount stores in 48 US states and the District of Columbia, and in five provinces in Canada. Stores carry a mix of housewares, toys, seasonal items, food, health and beauty aids, gifts, and books. At Dollar Tree shops most goods are priced at $1 or less while Family Dollar merchandise is usually less than $10. The stores are located in high-traffic strip centers and malls often in small towns. It purchased fellow discounter Family Dollar in 2015, bolstering its competitive position against Dollar General. Other national retailers on Edwardsville Rd include Dollar General, McDonald's, Burger King, O'Reilly Auto Parts, Travel Centers of America, Pilot Travel Center, Dunkin' Donuts, Cracker Barrel and Taco Bell. The property is in close proximity to Anderson Hospital, a 154-bed inpatient and outpatient acute care facility offering patients cutting-edge medical diagnostics that are not often found in a local community setting.