801 Laurel St
Creston, IA 50801

Marcus & Millichap is pleased to exclusively present for your acquisition review the net leased Dollar Tree in Creston, Iowa. The 8,000 square foot building was built-to-suit for Dollar Tree in 2016, with Dollar Tree signing an original 10 year lease. The current lease expiration is August 31, 2026 leaving more than 7 years of base lease term left. There are two, five-year renewal options available each of which having a rental increase. There is a rent increase in year 6 of the base term as well. The lease is modified triple net, with the landlord being responsible for the roof and structural components of the building and the tenant responsible for all common area maintenance, real estate taxes and insurance. The Dollar Tree is ideally positioned as an outparcel to the Walmart Supercenter behind it, and sits in between a Supertel Inn and a Super 8 which both provide consistent walk-up traffic for Dollar Tree. Tractor Supply and Hardee’s are across the street, and several other national retailers down the street including McDonald’s, Dollar General, First National Bank, Casey’s General Store, Subway, Dairy Queen and more. Dollar Tree is a Fortune 150 company and operates more than 14,835 locations across 48 states and Canada. In July 2015, Dollar Tree completed its purchase of Family Dollar after a long-awaited completion of the deal that drew close to a yearlong takeover saga that included a hostile buyout attempt from another discount retailer, Dollar General.