Dollar Tree, Inc. is a customer-oriented, value-driven variety store operating at a one-dollar price point. Dollar Tree is known for its “thrill-of-the-hunt” shopping experience where customers discover new treasures every week.
Dollar Tree, Inc. (NASDAQ: DLTR) is a Fortune 200 company with $25.51 billion in sales and a $7.285 billion net worth. In addition, Dollar Tree has an investment-grade credit rating of BBB.
- Tenant: Dollar Tree Stores, Inc.
- Location: 935 E US 90, Madison, FL 32340
- Property Type: Freestanding, Retail
- Building Size: 16,359 sq. feet
- Purchase Price: $1,672,886
- Cap Rate: 5.75%
On the Florida-Georgia border an hour east of Tallahassee, is a place of quiet country roads, clear natural springs, wild rivers, small town festivals, antebellum homes, and peaceful city parks.
Madison is a ‘Florida favorite small town’. This is the kind of small town you would see in an Hallmark movie, with the bell chimes through out the town on the hour and half hour, charming local businesses, and an old-fashioned gazebo in the center of the park square. Rich architectural history shines throughout the city, with the stately Madison County Courthouse, circa 1912, and the real life “To Kill A Mockingbird” style courtroom still in use today.
This Dollar Tree location is found on US-90, Madison’s main thoroughfare. National retailers located in the immediate area include Winn-Dixie, Burger King, CVS/pharmacy, O’Reilly Auto Parts & more, providing a significant amount of east and west-bound traffic to the area. This section of US-90 has an average daily traffic count of 9,800.
About Tenant In Common
Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.
This Millcreek Commercial property has the following characteristics:
- Property is offered debt-free
- Long-term, corporate-guaranteed lease
- Satisfies IRS requirements for 1031 exchanges
Office | 801.899.1943
- Lease Guarantor: Corporate Guarantee
- Initial Lease Term: 10 Years
- Rent Increases: $0.50 per sq. ft.
- Renewal Options: Five 5-year Extensions
- Remaning Term: 8.5 Years