Dollar Tree | 4148 Polk Rd
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Dollar Tree 4148 Polk Rd
10,000 SF Retail Building Hart, MI 49420 $3,018,344 CAD ($302 CAD/SF) 7.15% Cap Rate
Investment Highlights
- New Construction Dollar Tree | 2024 Build-To-Suit
- 10-Year Initial Double-Net Lease Term with (5) 5-Year Options | $0.50/SF Rent Increases in Each Option
- Positioned Next to Newer Construction AutoZone (YB: 2020) & Adjacent to Tractor Supply & Hotels
- "Dollar Tree Stores, Inc." Lease Entity | Publicly Traded (NYSE: DLTR / S&P: BBB)
- High Visibility on W Polk Road (8,636 VPD) | Immediate Access to US-31 (10,286 VPD)
- 7 Miles from Silver Lake State Park | World Famous Sand Dunes & Tourist Attraction
Executive Summary
ADDITIONAL INVESTMENT OPPORTUNITIES AVAILABLE / PORTFOLIO OR INDIVIDUAL SALE OPTIONS
* See Offering Memorandum Or Contact Listing Broker For More Details.
Marcus & Millichap is pleased to present the newly constructed, corporate Dollar Tree located at 4148 W Polk Road in Hart, Michigan. Dollar Tree (Standard & Poor’s BBB STABLE) has an initial 10-year lease with five five-year options to renew. Each option will contain a $0.50 per square-foot rent increase. Dollar Tree is subject to a corporately guaranteed double-net lease with limited landlord responsibilities.
Dollar Tree, Inc., ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores that have served North America for more than 63 years. Operating under the brands Dollar Tree and Family Dollar, the company is headquartered in Chesapeake, Virginia and operates nearly 16,500 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 200,000 associates. In June 2015, Dollar Tree acquired Family Dollar Stores, Inc. and its’ more than 8,200 stores, which made Dollar Tree Inc, the leading operator of discount variety retail stores.
The subject property is well-positioned on W Polk Road (8,636 VPD) with immediate access to US-31 (10,286 VPD). A recently constructed AutoZone (2020) sits next to the asset, as well as Big Hart Brewing Company. Adjacent to the property is a Tractor Supply, McDonald’s, Marathon gas station, and two hotels. There are 25,110 residents with an average household income exceeding $76,000 within a 15-mile radius of the asset.
Hart, Michigan is located in Oceana County, and is known for its rich agricultural heritage, scenic beauty, and vibrant community. Nestled in the western part of the state, Hart is a gateway to some of Michigan’s most breathtaking natural attractions, including the famous Silver Lake Sand Dunes and several picturesque lakefront towns. Hart’s small-town charm, combined with its proximity to both outdoor adventure and relaxed lakeside living, makes it an attractive destination for residents and tourists alike.
This Dollar Tree provides an investor with a stabilized investment grade asset with limited landlord responsibilities.
* See Offering Memorandum Or Contact Listing Broker For More Details.
Marcus & Millichap is pleased to present the newly constructed, corporate Dollar Tree located at 4148 W Polk Road in Hart, Michigan. Dollar Tree (Standard & Poor’s BBB STABLE) has an initial 10-year lease with five five-year options to renew. Each option will contain a $0.50 per square-foot rent increase. Dollar Tree is subject to a corporately guaranteed double-net lease with limited landlord responsibilities.
Dollar Tree, Inc., ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores that have served North America for more than 63 years. Operating under the brands Dollar Tree and Family Dollar, the company is headquartered in Chesapeake, Virginia and operates nearly 16,500 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 200,000 associates. In June 2015, Dollar Tree acquired Family Dollar Stores, Inc. and its’ more than 8,200 stores, which made Dollar Tree Inc, the leading operator of discount variety retail stores.
The subject property is well-positioned on W Polk Road (8,636 VPD) with immediate access to US-31 (10,286 VPD). A recently constructed AutoZone (2020) sits next to the asset, as well as Big Hart Brewing Company. Adjacent to the property is a Tractor Supply, McDonald’s, Marathon gas station, and two hotels. There are 25,110 residents with an average household income exceeding $76,000 within a 15-mile radius of the asset.
Hart, Michigan is located in Oceana County, and is known for its rich agricultural heritage, scenic beauty, and vibrant community. Nestled in the western part of the state, Hart is a gateway to some of Michigan’s most breathtaking natural attractions, including the famous Silver Lake Sand Dunes and several picturesque lakefront towns. Hart’s small-town charm, combined with its proximity to both outdoor adventure and relaxed lakeside living, makes it an attractive destination for residents and tourists alike.
This Dollar Tree provides an investor with a stabilized investment grade asset with limited landlord responsibilities.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Year Built
2024
Price
$3,018,344 CAD
Price Per SF
$302 CAD
Cap Rate
7.15%
NOI
$215,812 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.74 AC
Zoning
B-2 General Business
Parking
37 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
192 ft on W Polk Rd
Amenities
- Pylon Sign
- Signage
- Air Conditioning
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Dollar Tree | 4148 Polk Rd
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