Dollar Tree 3924 Teasley Ln

Dollar Tree is a corporate guaranteed single tenant retail asset located adjacent to a Walmart Neighborhood Market within the high-growth DFW submarket of Denton, Texas. Built in 2020 on 1.04 acres of land, the Property is approximately 35 minutes from both downtown Dallas and downtown Fort Worth. Dollar Tree has over 6 years left on it’s primary term with three (3) five-year renewal options and a $0.50 PSF rent bump with every five (5) year renewal option. The lease features limited landlord responsibilities and an annual rent of $14.75 PSF NN. Dollar Tree, Inc. (NASDAQ: DLTR) reported revenue in excess of $28.3 billion in 2023 and is rated “BBB” by S&P. Dollar Tree, Inc. is the leading operator of discount variety stores with over 16,000 locations across North America and is ranked #144 on the Fortune 500 list in 2024. The Property benefits strong demographics, excellent visibility to Teasley Lane, partial masonry construction with engaging architectural elements and shared accessibility to the large Walmart Neighborhood Market monument sign. The average household income exceeds $135,300, $122,300 and $110,000 in a one, three and five mile radii, respectively. Notable retailers in the area include Walmart Neighborhood Market, Walmart Fuel Station, 7-Eleven, CVS, Subway, Club Pilates, O’Reilly Auto Parts and Valvoline Express Care amongst others.