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- LoopNet Team
744 E Taylor St
Medford, WI 54451
Dollar Tree · Retail Property For Sale
Investment Highlights
- Build to Suit Dollar Tree in 2018| Zero Deferred Maintenance
- Perfectly Positioned in the heart of Medford
- Modified NNN Lease | Tenant Reimburses for All Expenses Including CAM, Taxes, Insurance & Admin Fee
- Original 7 Year Lease | Over 5.75+ Year Remaining
- Dollar Tree (NASDAQ: “DTR”) | S&P Rated BBB-
- Four, Five-Year Options with $0.50/PSF Rent Increases in Each Option
PROPERTY FACTS
About 744 E Taylor St , Medford, WI 54451
Marcus and Millichap is pleased to present for your acquisition review the Dollar Tree in Medford, Wisconsin. The 9,000 square foot Dollar Tree is positioned on .84 acres and sits in close proximity to Walmart and County Market, the only two grocers within 17 miles. Other national retail traffic drivers include McDonald’s, Arby’s, Hardee’s, Taco Bell, Family Dollar, O’Reilly Auto Parts, and Maurice’s among many others. The Dollar Tree was built in 2018, providing assurance of no deferred maintenance for a future landlord. The lease is considered triple net, with the tenant reimbursing for all common area maintenance, insurance, real estate taxes and administration expenses. There are scheduled rent increases in each of the four renewal options. Dollar Tree signed an original seven year lease. Currently there are over 5.75+ years of term remaining giving an incoming investor ease of mind and higher yield with a tenant credit rated by S&P 500 as BBB-. Dollar Tree benefits from a lack of competition in the market, as well as Medford is the local draw for the surrounding towns and communities. The next closest Dollar Tree and Walmart are over 36 miles away. Dollar Tree was founded in 1986 and in 34 years has grown to more than 15,115 locations across 48 states. The company is publicly traded on the NASDAQ under the ticker “DLTR”.
PROPERTY TAXES
Parcel Number | 251-01148-0000 | Improvements Assessment | $1,186,090 |
Land Assessment | $87,595 | Total Assessment | $1,273,685 |
PROPERTY TAXES
Listing ID: 18665322
Date on Market: 2020-02-27
Last Updated:
Address: 744 E Taylor St, Medford, WI 54451
The Retail Property at 744 E Taylor St, Medford, WI 54451 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.