Dollar Tree | Brand New Construction

Agent Info

Matt Weber

248.702.0285
mweber@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

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Offering Information

2433 Ridge Road
Lansing, IL 60438

  • Price: $1,851,852
  • Cap. Rate: 6.75%
  • NOI: $125,000
  • Building Size: 10,000SF
  • Lot Size: ` AC

Investment Highlights

  • Brand New 10 Year NN Lease | Requires Minimal Landlord Responsibility
  • New 2016 Construction Featuring Dollar Tree’s Modern Prototype Store
  • Lease Supports Three (3), 5-Year Option Periods
  • Rent Escalations of $0.50 PSF Featured During Each Option Period
  • Rent Increase Provides Investor with Hedge Against Inflation
  • 10 Year Transferrable Roof Warranty Available Upon Sale
  • Corporate Guarantee by Dollar Tree which Carries a “BB+” Rating
  • Attractive Location in a Densely Populated Market with Strong Demographics for a Discount Retailer
  • 5 Mile Population Surrounding the Investment Property Exceeds 232,500
  • Neighbor Properties Include Walgreen’s, Burger King, AutoZone & More
  • Average Household Income Exceeds $64,000 Within a 5 Mile Radius
  • Subject Property is Ideally Located Within the Areas Main Retail Corridor