Dollar Tree | New 10-YR NN Lease | 4 Central Plz
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Dollar Tree | New 10-YR NN Lease 4 Central Plz
14,599 SF Retail Building Ilion, NY 13357 £1,961,025 (£134/SF) 6.63% Net Initial Yield
Investment Highlights
- Quality Construction All-Brick Building w/ Drive-Thru | Drugstore Prototype
- Fresh 10-Yr Term Remaining | Options to Extend w/ 10% Increases in Options
- Adjacent to Leading Dollar General in the Country (#4 Dollar General in New York)
- Double Net Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Corporate Guarantee | Credit Rating: S&P "BBB" | Investment Grade
- Neighboring Tenants Include: Walgreens, McDonald's, Aldi, Dollar General, O'Reilly Auto Parts, Dunkin Donuts, Kinney Drugs, and Many More
Executive Summary
Encore REIS is pleased to offer the opportunity to acquire the fee simple interest (land & building) in a Double Net (NN) leased
Dollar Tree investment located in Ilion, NY. The Tenant, Dollar Tree Stores, Inc., recently executed a 10-year lease term with 4,5-
year options and 10% increases in each option period.
Dollar Tree was incentivized to enter the market after learning the strength
of the neighboring rival, Dollar General. Dollar Tree was able to secure its spot in the former drugstore which out positions its
competitor aiming to draw attention from all local shoppers. The lease is NN with limited landlord responsibilities making it an
ideal, low management investment opportunity for a passive investor.
Dollar Tree investment located in Ilion, NY. The Tenant, Dollar Tree Stores, Inc., recently executed a 10-year lease term with 4,5-
year options and 10% increases in each option period.
Dollar Tree was incentivized to enter the market after learning the strength
of the neighboring rival, Dollar General. Dollar Tree was able to secure its spot in the former drugstore which out positions its
competitor aiming to draw attention from all local shoppers. The lease is NN with limited landlord responsibilities making it an
ideal, low management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,599 SF
Building Class
B
Year Built/Renovated
2004/2024
Price
£1,961,025
Price Per SF
£134
Net Initial Yield
6.63%
NOI
£130,016
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Land Acres
1.30 AC
Zoning
PS - Planned
Parking
40 Spaces (2.74 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 212801-119-044-0004-007-000-0000 | Improvements Assessment | £915,799 |
| Land Assessment | £196,102 | Total Assessment | £1,111,901 |
PROPERTY TAXES
Parcel Number
212801-119-044-0004-007-000-0000
Land Assessment
£196,102
Improvements Assessment
£915,799
Total Assessment
£1,111,901
-
Power Broker Deno Bistolarides -
Brent Hanna -
Encore Real Estate Investment Services
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Dollar Tree | New 10-YR NN Lease | 4 Central Plz
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