Dollar Tree Net Lease Investment Opportunity | New Construction | 5.9% Cap Rate | Dublin, VA

Highlights

• • Attractive, new construction, ±10,000 SF Dollar Tree with 10-year NN+ lease, opened in late January
• • Traffic counts of almost 16,000 VPD on Cleburne Blvd road near the ±2 acre corner lot
• • Located on busy retail corridor less than 1-mile from Interstate-81
• • The five-mile population is over 16,000 with average household income of $76,000

• • Minimal landlord responsibilities with reimbursement for taxes and insurance
• • Large employers in area including Coca-Cola, Walmart and the Volvo Trucks N.A. Assembly Plant, the largest Volvo manufacturing facility in the world
• • Strong corporate guarantee by VA based Dollar Tree with over 16,000 locations in 48 states
• • Broker of Record: Ben Harris | VA License #022602407

Description

This new construction Dollar Tree, with a 10-year NN+ lease, opened in Dublin, VA in late January 2023. The ±10,000 SF building is situated on a large ±2.01-acre parcel that has nearly 16,000 vehicles per day passing this corner location. The 10-year NN lease features four 5-year renewal options each with a $0.50/SF rent increase.

Dollar Tree is located on Cleburne Blvd (VA-100), less than one mile north of Interstate 81. The area, with an average household income of over $76,000 and a population of over 16,800 within 5 miles, has two universities, a Motor Speedway and a large area hospital.

This busy retail corridor includes the Ethan Allen furniture factory (next door), Coca Cola Bottling company (across the street) and other national retailers including Ace Hardware, Taco Bell, O’Reilly Auto Parts, Walmart Supercenter, McDonalds, Waffle House, Burger King and Knights Inn. Most notably, 2 miles southwest of the Dollar Tree is the Volvo Trucks North American assembly plant, a 1.6 million SF facility on almost 300 acres. It is the largest Volvo manufacturing facility in the world.

Landlord responsibilities are limited to roof, structure, fire sprinkler system and capital expenses for parking lot and landscaping. The Tenant fully reimburses the Landlord for taxes and property insurance. The Tenant is also responsible for the interior, all utilities and repairs including windows & doors and routine maintenance of parking lot including landscaping, and snow removal.

This Dollar Tree has a strong corporate lease guaranty with Chesapeake, VA based Dollar Tree that has over 16,000 locations throughout the US. This offering is competitively priced at $1,950,000 or a 5.9% cap rate