Dollar Tree Family Dollar | 1120 2nd St
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Dollar Tree Family Dollar 1120 2nd St
10,500 SF Retail Building Upton, WY 82730 £1,355,333 (£129/SF) 7.85% Net Initial Yield
Investment Highlights
- 2024 Built-to-suit construction for Family Dollar Tree
- Wyoming is an income tax-free state
- The store will serve the local community with both consumable and non consumable merchandise.
- 10-Year NN+ lease w/ limited landlord responsibilities
- Limited competition- the subject property is the first market store in town with no competition from Dollar General or Walmart.
- The subject property comes with a 20-year transferable roof warranty.
Executive Summary
LEASE & LOCATION HIGHLIGHTS
• 2024 Built-to-suit construction for Family Dollar Tree
• 10-Year NN+ lease w/ limited landlord responsibilities
• Wyoming is an income tax-free state
• Limited competition- the subject property is the first market store in town with no competition from Dollar General or Walmart. The store will serve the local community with both consumable and non-consumable merchandise
• The subject property comes with a 20-year transferable roof warranty
• Five, 5-Year Options all of which include rent increases of $5,250 ($.50 PSF)
• Extremely strong corporately guaranteed lease
• Affluent demographics with an average household income of $122,295
• The subject property is located on an oversized two acre parcel
TENANT HIGHLIGHTS
• Family Dollar Tree Combo stores have proven 20% higher sales volume than non co-branded stores
• Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second- largest discount retailer in the United States with more than 16,000 locations
• Dollar Tree boasts an investment-grade credit rating of BBB
• Family Dollar has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
• 2024 Built-to-suit construction for Family Dollar Tree
• 10-Year NN+ lease w/ limited landlord responsibilities
• Wyoming is an income tax-free state
• Limited competition- the subject property is the first market store in town with no competition from Dollar General or Walmart. The store will serve the local community with both consumable and non-consumable merchandise
• The subject property comes with a 20-year transferable roof warranty
• Five, 5-Year Options all of which include rent increases of $5,250 ($.50 PSF)
• Extremely strong corporately guaranteed lease
• Affluent demographics with an average household income of $122,295
• The subject property is located on an oversized two acre parcel
TENANT HIGHLIGHTS
• Family Dollar Tree Combo stores have proven 20% higher sales volume than non co-branded stores
• Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second- largest discount retailer in the United States with more than 16,000 locations
• Dollar Tree boasts an investment-grade credit rating of BBB
• Family Dollar has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Year Built
2024
Price
£1,355,333
Price Per SF
£129
Net Initial Yield
7.85%
NOI
£106,394
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
2.00 AC
Zoning
C - general commercial
Parking
30 Spaces (2.86 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Family Dollar / Dollar Tree
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Family Dollar / Dollar Tree | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 48-65-35-4-30-00400 | Improvements Assessment | £1,812 |
| Land Assessment | £1,700 | Total Assessment | £3,512 |
PROPERTY TAXES
Parcel Number
48-65-35-4-30-00400
Land Assessment
£1,700
Improvements Assessment
£1,812
Total Assessment
£3,512
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Dollar Tree Family Dollar | 1120 2nd St
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