Fortis Net Lease is pleased to present this 10,000 SF Dollar Tree store located at 107 US-59 Atlanta, TX 75551. The property is encumbered with a double net lease, leaving minimal landlord responsibilities. The lease contain three (3) five (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-” which is classified as investment grade.. This Dollar Tree is highly visible as it is strategically positioned on US 59 with over 17,500 vehicles per day. The five-mile population exceeds 9,000 residents with the average household income exceeding $59,500. These are above-average demographics for a Dollar Store. The five mile average home value exceeds $105,000. Surrounding retail tenants include Walmart, Anytime Fitness, CVS, Federal Credit Union among many others.. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 6.65% cap rate based on NOI of $107,500.. Brand New Featuring Modern Prototype Construction. 10 Year NN Lease Requiring Minimal Landlord Responsibilities. Situated adjacent to a Walmart with over 17,500 VPD. Investment Credit Tenant | Standard & Poor's: 'BBB-'. Over 9,000 Residents within 5 Mile Radius. Three (3), 5-Year Options with $0.50 PSF Rent Increase. Ideal Dollar Store Surrounding Demographics. Dollar Tree Out Positions Other Retailers in Market.
107 Us Hwy 59, Atlanta, Texas 75551