Dollar Tree | 1141 15th Ave
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Dollar Tree 1141 15th Ave
10,000 SF Retail Building Union Grove, WI 53182 £1,962,283 (£196/SF) 7.50% Net Initial Yield
Investment Highlights
- 2024 Built-to-suit construction for Dollar Tree
- Union Grove is located 30 miles from Milwaukee
- Average Household Income of $119,836, proving an affluent surrounding community to support the store for years to come
- 10-Year NN+ lease w/ limited landlord responsibilities
- 10 Mile Population of 73,769 Residents
- Nearby national tenants include McDonalds, Napa Auto Parts, Dairy Queen, Piggly Wiggly, Domino’s Pizza, and more
Executive Summary
2024 Built-to-suit construction for Dollar Tree
10-Year NN+ lease w/ limited landlord responsibilities
Union Grove is located 30 miles from Milwaukee
10 Mile Population of 73,769 Residents
Average Household Income of $119,836, proving an affluent surrounding community to support the store for years to come
Nearby national tenants include McDonalds, Napa Auto Parts, Dairy Queen, Piggly Wiggly, Domino’s Pizza, and more
The subject property comes with a 20-year transferable roof warranty
Five, 5-Year Options with rent increases of $5,000 ($.50 PSF)
Extremely strong corporately guaranteed lease
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
Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
10-Year NN+ lease w/ limited landlord responsibilities
Union Grove is located 30 miles from Milwaukee
10 Mile Population of 73,769 Residents
Average Household Income of $119,836, proving an affluent surrounding community to support the store for years to come
Nearby national tenants include McDonalds, Napa Auto Parts, Dairy Queen, Piggly Wiggly, Domino’s Pizza, and more
The subject property comes with a 20-year transferable roof warranty
Five, 5-Year Options with rent increases of $5,000 ($.50 PSF)
Extremely strong corporately guaranteed lease
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
Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,000 SF
Building Class
B
Year Built
2024
Price
£1,962,283
Price Per SF
£196
Net Initial Yield
7.50%
NOI
£147,171
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Lot Size
1.09 AC
Zoning
G2
Parking
28 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
256 ft on 15th Ave
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 186-032131135200 | Improvements Assessment | £145,421 |
| Land Assessment | £50,913 | Total Assessment | £196,334 |
PROPERTY TAXES
Parcel Number
186-032131135200
Land Assessment
£50,913
Improvements Assessment
£145,421
Total Assessment
£196,334
Contacts
-
Scotty Latimer -
Josh Bishop -
Brett Baumgartner -
Matthews Real Estate Investment Services
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Dollar Tree | 1141 15th Ave
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