Family Dollar Tree | Low Rent & Price Point | 1218 28th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Family Dollar Tree | Low Rent & Price Point 1218 28th St
10,500 SF Retail Building Belleville, KS 66935 $1,773,234 CAD ($169 CAD/SF) 8% Cap Rate
Investment Highlights
- Lower Rent & Price Point with attractive 8% return
- Investment Grade Tenant
- 7.5-Year corporate NN Lease with Dollar Tree
- Near Junction City, KS & Fort Riley
Executive Summary
LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN
• This property has a lower rent & price point of $1.2M and has an attractive 8.00% return which is unique for investment grade credit in this market.
7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE
• The subject property is a 2021 construction Family Dollar Tree located in Belleville, KS.
• This store opened and rent commenced in September 2021.
• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for Parking Lot Maintenance, HVAC, Utilities, Insurance, Taxes.
• There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement.
• There are 10% rent increases in each of the five, 5-year option periods.
INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces and is expanding by 600 stores each year.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion
NEAR JUNCTION CITY, KS & FORT RILEY
• Belleville is located in North KS about 1.5 hours north of Junction city & Fort Riley.
• Junction City is the county seat of Geary County and is home to Fort Riley
• Fort Riley serves a population of more than 67,000 including approximately 15,400 active duty members, 19,600 family members, 6,100 civilian employees as well as 26,000 retirees and veterans who live in the region and/or work at the post
• Fort Riley encompasses 101,733 acres with 91,597 dedicated to training areas that are key to Soldier readiness.
• For Fiscal Year 2023, the total impact Fort Riley was determined to be $1.9 billion
• National retailers in Junction city include Walmart, ALDI, Tractor Supply, and more.
• This property has a lower rent & price point of $1.2M and has an attractive 8.00% return which is unique for investment grade credit in this market.
7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE
• The subject property is a 2021 construction Family Dollar Tree located in Belleville, KS.
• This store opened and rent commenced in September 2021.
• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for Parking Lot Maintenance, HVAC, Utilities, Insurance, Taxes.
• There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement.
• There are 10% rent increases in each of the five, 5-year option periods.
INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces and is expanding by 600 stores each year.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion
NEAR JUNCTION CITY, KS & FORT RILEY
• Belleville is located in North KS about 1.5 hours north of Junction city & Fort Riley.
• Junction City is the county seat of Geary County and is home to Fort Riley
• Fort Riley serves a population of more than 67,000 including approximately 15,400 active duty members, 19,600 family members, 6,100 civilian employees as well as 26,000 retirees and veterans who live in the region and/or work at the post
• Fort Riley encompasses 101,733 acres with 91,597 dedicated to training areas that are key to Soldier readiness.
• For Fiscal Year 2023, the total impact Fort Riley was determined to be $1.9 billion
• National retailers in Junction city include Walmart, ALDI, Tractor Supply, and more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2021
Price
$1,773,234 CAD
Price Per SF
$169 CAD
Cap Rate
8%
NOI
$141,845 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.09 AC
Opportunity Zone
Yes
Zoning
CM - Commercial
Parking
51 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
108 ft on 28th Street
Amenities
- Pylon Sign
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 131-11-0-00-00-002.03-0 | Improvements Assessment | $310,619 CAD |
| Land Assessment | $7,292 CAD | Total Assessment | $317,911 CAD |
PROPERTY TAXES
Parcel Number
131-11-0-00-00-002.03-0
Land Assessment
$7,292 CAD
Improvements Assessment
$310,619 CAD
Total Assessment
$317,911 CAD
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Family Dollar Tree | Low Rent & Price Point | 1218 28th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.