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Dollar Tree 721 S Main St
7,775 SF Retail Building Monmouth, IL 61462 $437,099 ($56/SF) 7.50% Cap Rate
Investment Highlights
- DOLLAR TREE & FAMILY DOLLAR (NYSE: DLTR) | STRONG FINANCIAL COMPANY | MORE THAN 15,000 STORES ACROSS THE UNITED STATES
- RECENT LEASE EXTENSION | TENANT COMMITMENT TO LOCATION | DOUBLE NET (NN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES
- LOCAL MARKET REAL ESTATE ANSWERS CORPORATE SITE CRITERIA | DEMONSTRATES TENANT’S PROFITABILITY AT REGIONAL OR SMALL TOWN LOCATION | LOCATION CLASSIF
- CORPORATE GUARANTEE | INCREASING SALES & PROFIT YEAR OVER YEAR | LEASE EXTENSION DEMONSTRATING TENANT’S COMMITMENT
Executive Summary
Founded in 1959 by Leon Levine in Charlotte, North Carolina, Family Dollar began with a mission to provide essential goods at affordable prices. Over the years, the company expanded its footprint, catering to suburban and rural communities under-served by traditional retailers. In 1986, Dollar Tree emerged in Norfolk, Virginia, founded by Doug Perry, Macon Brock, and Ray Compton, pioneering the concept of quality products at a single price point. In 2015, Dollar Tree acquired Family Dollar, creating a formidable presence in the retail landscape.
COMPANY OVERVIEW:
Family Dollar, with 8,206 locations, and Dollar Tree, boasting over 8,200 stores, collectively operate as North America’s largest single-price-point retailer
Family Dollar and Dollar Tree have experienced significant growth since their inception.
Family Dollar’s strategic focus on suburban and rural markets has contributed to its resilience and expansion
Dollar Tree’s commitment to offering quality products at affordable prices has garnered a loyal customer base.
LOCAL MARKET
MONMOUTH, IL
Monmouth boasts a charming, connector city, well-preserved historic downtown area within Illinois. Lined with brick buildings, quaint shops, and local eateries, downtown Monmouth offers a delightful ambiance for shopping, dining, and leisurely strolls. With a population of more than 9,000 residents, Residents have the convenience of smalltown living while still being within driving distance of larger cities like Peoria, the Quad Cities, and Iowa City. Monmouth hosts a variety of festivals, fairs, and events that bring the community together. From the Monmouth Heritage Days celebration to the Monmouth Film Festival, there’s always something happening in town for residents and visitors to enjoy.
MONMOUTH COLLEGE
Home to Monmouth College, a prestigious liberal arts institution founded in 1853 is spread over 112 acres throuhgout the town, the town enjoys the cultural and intellectual vibrancy brought by the college community. The college hosts various events, lectures, and performances throughout the year, enriching the town’s cultural scene.
PEORIA, IL MSA
Peoria is a city located in the state of Illinois and is considered the largest city on the Illinois River with more than 100,000 residents within it’s city’s population. Peoria’s economy has been heavily reliant on manufacturing, particularly in the global production and headquater of heavy machinery, such as Caterpillar Inc., one of the world’s largest manufacturers of construction and mining equipment. The city is also accessible by several major highways including Interstate 74 and Interstate 474 which are connectors.
Property Facts
Amenities
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
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- Retailer
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99,999 SF
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Lorem Ipsum
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Jan 0000
At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
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Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 09-260-015-00 | Improvements Assessment | $64,940 |
| Land Assessment | $24,250 | Total Assessment | $89,190 |
PROPERTY TAXES
Contacts
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Value Net Lease Partners Neil Naran -
Value Net Lease Partners Patrick Druet -
Scott Reid
- Value Net Lease Partners
Learn More About Investing in Retail Properties
Presented by
Value Net Lease Partners
Dollar Tree | 721 S Main St
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