Family Dollar Tree | 8.00% Return | 1610 Military 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 | 8.00% Return 1610 Military St
10,611 SF Retail Building Baxter Springs, KS 66713 $1,858,554 CAD ($175 CAD/SF) 8% Cap Rate
Investment Highlights
- LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN
- 1 MILE FROM 100,000 SF MANUFACTURING PLANT WITH 100 EMPLOYEES
- INVESTMENT GRADE TENANT
- NEAR JOPLIN | 5TH LARGEST MSA IN MO
- 7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE
Executive Summary
LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN
• This property has a lower rent & price point of $1.3M and has an attractive 8.00% return which is unique for investment grade credit in this market.
NEAR JOPLIN | 5TH LARGEST MSA IN MO
• Baxter Springs is located 20 minutes west of downtown Joplin.
• Joplin is a city in Jasper and Newton counties in the southwestern corner of the U.S. state of Missouri.
• Joplin is the main hub of the three-county Joplin-Miami, Missouri-Oklahoma Metro area, which is home to 210,077 people making it the 5th largest metropolitan area in Missouri
• Home to multiple colleges and universities including Missouri Southern State University with nearly 5,000 students enrolled.
1 MILE FROM 100,000 SF MANUFACTURING PLANT WITH 100 EMPLOYEES
• This Family Dollar Tree is located 1 mile from a steel manufacturer with 100 employees.
7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE
• The subject property is a 2021 construction Family Dollar Tree located in Baxter Springs, KS.
• This store opened and rent commenced in June 2021.
• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for parking lot repair, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement.
• The rent increases $0.50 per square foot 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.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion
• This property has a lower rent & price point of $1.3M and has an attractive 8.00% return which is unique for investment grade credit in this market.
NEAR JOPLIN | 5TH LARGEST MSA IN MO
• Baxter Springs is located 20 minutes west of downtown Joplin.
• Joplin is a city in Jasper and Newton counties in the southwestern corner of the U.S. state of Missouri.
• Joplin is the main hub of the three-county Joplin-Miami, Missouri-Oklahoma Metro area, which is home to 210,077 people making it the 5th largest metropolitan area in Missouri
• Home to multiple colleges and universities including Missouri Southern State University with nearly 5,000 students enrolled.
1 MILE FROM 100,000 SF MANUFACTURING PLANT WITH 100 EMPLOYEES
• This Family Dollar Tree is located 1 mile from a steel manufacturer with 100 employees.
7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE
• The subject property is a 2021 construction Family Dollar Tree located in Baxter Springs, KS.
• This store opened and rent commenced in June 2021.
• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for parking lot repair, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement.
• The rent increases $0.50 per square foot 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.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,611 SF
Building Class
C
Year Built
2021
Price
$1,858,554 CAD
Price Per SF
$175 CAD
Cap Rate
8%
NOI
$148,599 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.98 AC
Zoning
CM - Commercial Mixed-Use
Parking
38 Spaces (3.58 Spaces per 1,000 SF Leased)
Frontage
303 ft on East 16th Street
Amenities
- Bus Line
- Pylon Sign
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 221-01-0-30-29-002.00-0 | Improvements Assessment | $484,350 CAD |
| Land Assessment | $11,016 CAD | Total Assessment | $495,366 CAD |
PROPERTY TAXES
Parcel Number
221-01-0-30-29-002.00-0
Land Assessment
$11,016 CAD
Improvements Assessment
$484,350 CAD
Total Assessment
$495,366 CAD
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Family Dollar Tree | 8.00% Return | 1610 Military 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.