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Dollar Tree

110 IN-135, Trafalgar, IN 46181

Listing Price: $624,500

Cap Rate
7.35%
Tenant Name
Dollar Tree
Years Remaining On Lease
4.3
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$68.03
Lease Type
Double Net
Rent Per Square Feet
$5.00

Investment Overview

4.33 Years Remaining on NN Lease with Corporate Guaranty | Four Five-Year Renewal Options

Site Features a Metal Roof | Landlord Applied a Metal Coating in 2019 with a 10-Year Warranty

Frontage on IN-135 (12,668 VPD) | Main Artery that Runs Directly North to Indianapolis | Easy Ingress/Egress | 0.25 Miles from the Signalized Crossroads of SR 135 and SR 252 (Combined VPD 20,963)

Landlord-Friendly Lease Language | Tenant Directly Pays for Routine Parking Lot Maintenance, Sweeping and Seasonal Snow Plowing of Parking Areas, Maintenance of Existing Landscaping, and Routine Dock Maintenance

Nearby National Retailers Include Newly Developed Taco Bell, CVS Pharmacy, McDonald’s, Dairy Queen Grill & Chill, Speedway, Casey’s General Store, Edward Jones, and Subway

Surrounded by Neighborhood Areas | Located Adjacent to New Arbor Homes Development, Wood Preserve, with 140 Single-Family Units

North of Indian Creek School Campus, Which Includes the High School, Middle School, Intermediate School, and Elementary School with over 2,000 Students and Staff

Affluent, Growing Suburb of Indianapolis | Three-Mile Population Growth: 16.4% Since 2010 | Part of the Indianapolis MSA with a Population of 2.1 Million | Indianapolis is the 16th Largest City in the United States

Investment-Grade Tenant: Dollar Tree (Nasdaq: DLTR) has a BBB Rating (S&P) and is Ranked #137 on Fortune 500 List | Company Revenues in 2023 Were $28.3 Billion

Investment Highlights

  • Landlord-Friendly Lease Language | Tenant Directly Pays for Routine Parking Lot Maintenance, Sweeping and Seasonal Snow Plowing of Parking Areas, Maintenance of Existing Landscaping
  • Site Features a Metal Roof | Landlord Applied a Metal Coating in 2019 with a 10-Year Warranty
  • Surrounded by Neighborhood Areas | Located Adjacent to New Arbor Homes Development, Wood Preserve, with 140 Single-Family Units

Exclusively Listed By

Discount

Dollar Tree

Listing Price: $624,500

Cap Rate
7.35%
Tenant Name
Dollar Tree
Years Remaining On Lease
4.3
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$68.03
Lease Type
Double Net
Rent Per Square Feet
$5.00

Investment Highlights

  • Landlord-Friendly Lease Language | Tenant Directly Pays for Routine Parking Lot Maintenance, Sweeping and Seasonal Snow Plowing of Parking Areas, Maintenance of Existing Landscaping
  • Site Features a Metal Roof | Landlord Applied a Metal Coating in 2019 with a 10-Year Warranty
  • Surrounded by Neighborhood Areas | Located Adjacent to New Arbor Homes Development, Wood Preserve, with 140 Single-Family Units

Investment Overview

4.33 Years Remaining on NN Lease with Corporate Guaranty | Four Five-Year Renewal Options Site Features a Metal Roof | Landlord Applied a Metal Coating in 2019 with a 10-Year Warranty Frontage on IN-135 (12,668 VPD) | Main Artery that Runs Directly North to Indianapolis | Easy Ingress/Egress | 0.25 Miles from the Signalized Crossroads of SR 135 and SR 252 (Combined VPD 20,963) Landlord-Friendly Lease Language | Tenant Directly Pays for Routine Parking Lot Maintenance, Sweeping and Seasonal Snow Plowing of Parking Areas, Maintenance of Existing Landscaping, and Routine Dock Maintenance Nearby National Retailers Include Newly Developed Taco Bell, CVS Pharmacy, McDonald’s, Dairy Queen Grill & Chill, Speedway, Casey’s General Store, Edward Jones, and Subway Surrounded by Neighborhood Areas | Located Adjacent to New Arbor Homes Development, Wood Preserve, with 140 Single-Family Units North of Indian Creek School Campus, Which Includes the High School, Middle School, Intermediate School, and Elementary School with over 2,000 Students and Staff Affluent, Growing Suburb of Indianapolis | Three-Mile Population Growth: 16.4% Since 2010 | Part of the Indianapolis MSA with a Population of 2.1 Million | Indianapolis is the 16th Largest City in the United States Investment-Grade Tenant: Dollar Tree (Nasdaq: DLTR) has a BBB Rating (S&P) and is Ranked #137 on Fortune 500 List | Company Revenues in 2023 Were $28.3 Billion

Exclusively Listed By

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