Family Dollar & Dollar Tree Portfolio

NE & IA

Family Dollar & Dollar Tree Portfolio

Offering Summary

  • Status: closed
  • Price:
  • CAP Rate:
  • GLA: 41,409 SF
  • Net Operating Income: $264,348
  • Lease Type: Double Net
  • Major Tenants: Family Dollar, Dollar Tree

1725 S 13th St, Omaha, NE

  • 8,800 Square-Foot Family Dollar in Omaha, Nebraska (MSA Population Over 1.3m)
  • Brand-New 5-Year Lease Extension | Extended a Full Year Early | Success & Commitment to Site
  • Huge Store Sales | Over $200/SF | 35% Higher Than Average Sales/SF
  • Exceptional Rent to Sales Ratio of 5.5% | Tremendously Profitable Location
  • Currently Undergoing a Renovation & Remodel
  • Minimal Landlord Responsibilities | Limited to Roof, Structure & Parking Lot | Concrete Parking Lot & Metal Roof | Roof Replaced 5-Years Ago
  • Three, 5-Year Option Terms Remaining | 10% Rental Increases in Options
  • Below Market Rent = $10.95/SF | Minimal Risk of Retrade or Relocation
  • Huge Population Counts | 18,820 within 1-Mile | 105,777 within 3-Miles | 244,817 within 5-Miles | Modest Average Household Income $63,176
  • Less Than 1-Mile from Downtown Omaha | Surrounding 1-Mile Radius is Residential Focused | Minimal Retail Competition Nearby
  • Hard Corner Location Seeing Over 13,000 Vehicles Per Day | Walking Distance to Dense Part of Omaha
  • Omaha MSA is 57th Largest MSA in United States | Ranks 8th in US for Per-Capita Billionaires and Home to Prominent Fortune 500 companies such as Berkshire HathawayUnion Pacific RailroadMutual of Omaha, and Kiewit Corporation

2930 Sprague, Omaha, NE

  • 10,000 Square-Foot Family Dollar in Omaha, Nebraska (MSA Population Over 1.3m)
  • Recent 5-Year Extension in 2020 | Lease Runs Through 2025 | Success & Commitment to Site
  • Huge Store Sales | Over $2m = Over $200/SF | 35% Higher Than Average Sales/SF
  • Exceptional Rent to Sales Ratio of 2.84% | Tremendously Profitable Location
  • Extremely Cheap Rent of $6.55/SF | Well Below Market | Minimal Risk of Retrade or Relocation
  • Minimal Landlord Responsibilities | Limited to Roof & Structure | Concrete Parking Lot & Metal Roof
  • Currently Undergoing a Renovation & Remodel
  • Huge Population Counts | 12,886 within 1-Mile | 106,200 within 3-Miles | 221,518 within 5-Miles | Modest Average Household Income $63,176
  • Hard Corner Location Seeing Over 13,937 Vehicles Per Day | Walking Distance to Dense Part of Omaha | Just South of I-75 Exit Seeing 54,147 Vehicles Per Day
  • Omaha MSA is 57th Largest MSA in United States | Ranks 8th in US for Per-Capita Billionaires and Home to Prominent Fortune 500 companies such as Berkshire HathawayUnion Pacific RailroadMutual of Omaha, and Kiewit Corporation

2615 Lincoln, Clinton, IA

  • 11,988 Square-Foot Dollar Tree in Clinton, IA
  • Upgraded Construction & Retrofit Location | Dollar Tree Joined Site in 2011
  • Dollar Tree Extended Lease in 2014 for 10-year which Runs Through 2024
  • Extremely Cheap Rent of $6.00/SF | Well Below Market | Minimal Risk of Retrade or Relocation
  • Closest Dollar Store is Over 3-Miles Away | Minimal Competition Nearby
  • One, 5-Year Option Remaining | Substantial 16.7% Rental Bump | Huge Upside Potential
  • Prime Location Directly Off-Highway Seeing Over 20,837 | Situated at Signalized Intersection which Connects to Walmart
  • Strategically Placed in Main Retail Corridor | Surrounding Retailers Include Walmart, Hobby Lobby, Aldi, Kohl’s, Home Depot, Harbor Freight, Aldi, Arby’s, Culvers, & Buffalo Wild Wings
  • Minimal Landlord Responsibilities | Limited to Roof, Structure & Parking Lot Replacement
  • Dense & Mature Demographics | 14,957 Residents within 3-Miles & 27,106 within 5-Miles | Average Household Income Exceeds $83,000

626 9th St, Burlington, IA

  • 10,621 Square-Foot Dollar Tree in Burlington, IA
  • Shadowed by Hy-Vee Grocery | Only Grocer on This Side of Town
  • Concrete Construction & Retrofit Location | Dollar Tree Joined Site in 2012
  • Dollar Tree Has been at Site Since 2012 | 1-Yer Remaining on Lease | 10% Rent Bump In All Option
  • Extremely Cheap Rent of $3.62/SF | Well Below Market | Minimal Risk of Retrade or Relocation
  • Prime Location in Heart of Burlington| Walking Distance to Burlington’s Most Dense Part of Town
  • Stable & Mature Demographics | 11,075 Residents within 1-Mile | 27,187 within 5-Miles | 30,655 within 5-Miles
  • Minimal Landlord Responsibilities | Limited to Roof, Structure & Parking Lot Replacement | New Roof Recently Replaced
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director