Dollar Tree – Creston, IA

Dollar Tree
801 Laurel Street, Creston, IA 50801, USA

We are pleased to exclusively offer for sale the 8,000 SF Dollar Tree NN Asset located at 801 Laurel Street in Creston, IA. This deal includes a Double Net (NN) Dollar Tree with minimal landlord responsibilities. The property is shadow anchored by Walmart and backed by a corporate guarantee from Dollar Tree stores, Inc. Dollar Tree recently executed a new lease extension, demonstrating a strong commitment to the location and providing additional confidence in the long-term income stream.

  • The property is a Walmart shadow anchored site and benefits from significant crossover traffic generated by one of the most powerful retail anchors in the country.
  • A new lease extension through August, 2031 has been executed by Dollar Tree, demonstrating a strong commitment to the location.
  • The property is strategically positioned in a dense retail trade area with a strong concentration of national and regional retailers including Walmart Supercenter,
  • Tractor Supply, Hy-Vee, McDonald’s, Domino’s and Hardee’s, driving significant daily traffic to the immediate area.
  • Minimal landlord responsibilities as the tenant is responsible for everything except roof and structure, delivering a near-passive ownership experience for investors.
  • 2016 construction situated on a generous 1.54-acre parcel with ample parking and strong visibility along Laurel Street in Creston, IA.
  • Corporate guaranteed lease backed by Dollar Tree Stores, Inc. (NASDAQ: DLTR), one of the largest discount retailers in the United States with over 9,200 locations nationwide, providing investors with a creditworthy guarantee behind the income stream.

In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429

 

Dollar Tree
801 Laurel Street, Creston, IA 50801, USA

Dollar Tree

Dollar Tree, Inc. (NASDAQ: DLTR), headquartered in Chesapeake, VA, is one of North America’s largest and most loved value retailers, known for delivering great value, convenience, and a “thrill of-the-hunt” discovery shopping experience. With a team of approximately 150,000 associates, Dollar Tree operates more than 9,200 stores and 18 distribution centers across 48 contiguous states and seven Canadian provinces under the brands Dollar Tree and Dollar Tree Canada. Dollar Tree offers a wide selection of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. Each Dollar Tree stocks a variety of products, including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books.

Price

$1,200,000

Cap Rate

7.50%

PREMISES

8,000 SF

YEAR BUILT

2016

RENEWAL OPTIONS

1 X 5 Year Option

Lease Expiration

08/31/2031

Lease Type

NN

RENTAL INCREASES

4.44% Increase in Option Period

BROKERS

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch