Dollar Tree 95 Juniper Ave

Marcus & Millichap is pleased to present the Dollar Tree located in Wadena, Minnesota. The 8,000 square foot Dollar Tree is build-to-suit construction in 2014. The building has excellent visibility and easy, immediate access from State Highway 71, which is the main north/south avenue through the town of Wadena. Dollar Tree is in the shadow of Walmart Supercenter, the next closest one is over 45 miles away. Other retail traffic drivers near to the property include Subway, Burger King, Pizza Hut, and McDonald’s as well as many
other regional and local businesses. Dollar Tree benefits from a lack of dollar store competition in the market. Dollar Tree signed an original 10-year lease in 2014. The lease is considered modified triple net, with the landlord being responsible for the roof and structure. The tenant directly handles all the CAM and reimburses for all expenses including taxes and property insurance. There are two, five-year renewal options available, each of which having a rent increase scheduled to provide a hedge against inflation. Dollar Tree was founded in 1986 and in 34 years has grown to more than 15,115 locations across 48 states with plans to grow their store count by over 600 stores in 2021. The company is publicly traded on the NASDAQ under the ticker “DLTR” and carries an investment grade credit rating of “BBB-” from S&P.