Dollar Tree - TX - DENTON › d2 › _A_2wooHqApTr1Wu8Tue3RcW...Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in two segments,

30445 Northwestern Highway, Suite 275Farmington Hills, MI 48334248.254.3410

3924 TEASLEY LN, DENTON, TX 76210

13% POP GROWTH PROJECTED! | WALMART OUTLOT

NEW DOLLAR TREE - ESSENTIAL

BRYAN BENDERMANAGING DIRECTOR

D: [email protected]

COREY BUNCHSENIOR ADVISOR


ANDY BENDERSENIOR ADVISOR


REPRESENTATIVE STORE PHOTO

http://fortisnetlease.com/


BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] DISCLAIMER // 2

DISCLOSURE :

All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as “FNL”), its directors, officers, agents, advisors,affiliates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agents, advisors, or affiliates as to com-pleteness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financialperformance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of theany materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for revieware not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. FNL will notinvestigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE:

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigationsincluding through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. FNL doesnot serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used forfinancial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party donot necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations aswell as market conditions, vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or taxattorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether theproperty complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportunity laws.

BRYAN BENDER ANDY BENDER COREY BUNCHMANAGING DIRECTOR SENIOR ADVISOR SENIOR ADVISORD: 248.419.3810 D: 248.419.3657 D: [email protected] [email protected] [email protected]

EXCLUSIVELY L ISTED BY:

3924 TEASLEY LN, DENTON, TX 76210DOLLAR TREE

mailto:[email protected]



https://buildout.com/website/707640-sale?tab=map

BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] INVESTMENT OFFERING // 3

INVESTMENT SUMMARY

List Price: $2,034,320

Current NOI: $127,145.00

Initial Cap Rate: 6.25%

Land Acreage: 1.05+-

Year Built 2020

Building Size: 8,620 SF

Price PSF: $236.00

Lease Type: NN

Lease Term: 10 Yr

INVESTMENT OFFERINGFortis Net Lease is pleased to present this 8,620 SF Dollar Tree store located in Denton,Texas. The property is encumbered with a ten (10) year double net lease, leavingminimal landlord responsibilities. The lease contain Three (5) year options to renew,each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar TreeCorporation which holds a credit rating of “BBB-” which is classified as investmentgrade.

This Dollar Tree is highly visible as it is strategically positioned on a corner of Teasley Rd(which sees 19,910 vehicles per day). The building is next to a Walmart's NeighborhoodMarket. The five mile population is nearly 153,000 with the one mile average householdincome at $115,900. These are above-average demographics for a Dollar Store. The onemile average home value exceeds $252,689.

This investment will offer a new owner success due to the financial strength and theproven profitability of the tenant, one of the nation’s top dollar stores. List pricereflects a 6.25% cap rate based on NOI of $127,145.00

PRICE $2,034,320

CAP RATE 6.25%

LEASE TYPE NN

TERM REMAINING 10 Yr

INVESTMENT HIGHLIGHTS• Brand New Featuring Prototype Construction

• Adjacent to Walmart Neighborhood Market

• 10 Year NN Lease Requiring Minimal Landlord Responsibilities

• Three (5 Yr) Options | $0.50 Rental Rate Increase

• 19,910 Vehicles Per Day on Teasley Rd

• Investment Credit Tenant | Standard & Poor's: 'BBB-'

• Five Mile Population of Nearly 153,000

• One Mile Average Household Income $115,900

• Dollar Tree Out Positions Other Retailers in Market






BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] PROPERTY & LEASE // 4

LEASE SUMMARYTenant: Dollar Tree

Lease Type: NN

Primary Lease Term: 10 Yr

Annual Rent: $127,145.00

Rent PSF: $14.75

Landlord Responsibilities: Yes

Taxes, Insurance & CAM: Tenant Responsibility

Roof, Structure & Parking: Landlord Responsibility

Lease Start Date: 9/1/2020

Lease Expiration Date: 9/1/2030

Lease Term Remaining: 10 Yr

Rent Bumps: In Options ($0.50 P/Ft)

Renewal Options: 3 - (5 Years)

Lease Guarantor: Dollar Tree

Lease Guarantor Strength: BBB-

Tenant Website: DollarTree.com

GROSS SALES:

$22.82 BIL

STORE COUNT:

15,000+

GUARANTOR:

DT CORP

S&P:

BBB-

Year Built: 2020

Lot Size: 1.05 +- Acre

Building Size: 8,620 SF

Traffic Count: 19,910 (Teasley Rd)

Fire Protection: Sprinkler System

Zoning: Community

Construction Style: Prototypical

Parking Lot: TBD

HVAC Roof Mounted

INCOME PER SF

Rent $127,145.00 $14.75

Gross Income $127,145.00 $14.75

EXPENSE PER SF

Expenses $0 $0.00

Gross Expenses $0 $0.00

NET OPERATING INCOME $127,145.00 $14.75

FINANCIAL SUMMARY

PROPERTY SUMMARY






BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] RENT ROLL // 5

TENANTNAME

UNITSIZE (SF)

LEASESTART

LEASEEND

ANNUALRENT

% OFGLA

ESCDATE

RENTPER SF/YR

Dollar Tree 8,620 9/1/2020 9/1/2030Option 1Option 2Option 3

$127,145.00$131,455.00$135,765.00$140,075.00

100.0Yrs 11-15Yrs 16-20Yrs 21-25

$14.75$15.25$15.75$16.25

Totals/Averages 8,620 $127,145.00 $ 14.75

TOTAL SF8,620

TOTAL ANNUAL RENT$127,145.00

OCCUPANCY RATE100.0%

AVERAGE RENT/SF$ 14.75

NUMBER OF TENANTS1






Company: Dollar Tree Stores, Inc.

Founded: 1986

Total Revenue: $22.82 Billion

Net Income: $1.714 Billion

Headquarters: Chesapeake, Virginia

Website: www.DollarTree.com

OVERVIEW

• $20+ Billion Market Capital in 2018

• Same Store Sales Increases 2.4% in 2018

• Ranked #136 on Fortune 500

• Recently Opened its 15,000th Store in the USA

• Boasts a Staggering Revenue Exceeding $5.5 Billion

TENANT HIGHLIGHTS

LEASE YEARS ANNUAL RENT MONTHLY RENT BUMP YIELD

1-10 $127,145.00 $10,595 - 6.25%

Option 1 $131,455.00 $10,954 $0.50 PSF 6.46%

Option 2 $135,765.00 $11,314 $0.50 PSF 6.67%

Option 3 $140,075.00 $11,673 $0.50 PSF 6.89%

RENT SCHEDULE

Dollar Tree, Inc. operates discount retail stores in the United States and Canada.

The company operates in two segments, Dollar Tree and Family Dollar. The

Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides

consumable merchandise, including candy and food, and health and beauty care

products, as well as everyday consumables, such as household paper and

chemicals, and frozen and refrigerated food; various merchandise.

This segment operates under the Dollar Tree, Dollar Tree Canada, Deals, and

Dollar Tree Deals brands, as well as 10 distribution centers in the United States

and 2 in Canada, and a store support center in Chesapeake, Virginia. A Fortune

500 Company, Dollar Tree is headquartered in Chesapeake, Virginia and was

founded in 1953. The name of the company Only $1.00 was changed to Dollar

Tree Stores in 1993 and, shortly thereafter, in 1995, the company went public

with a market value of $225 million. Today, Dollar Tree is a $20+ billion dollar

company and a premier operator in its industry.

COMPANY INFORMATION

BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] TENANT PROFILE // 6






BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] SITE PLAN // 7






BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] RETAIL AERIAL // 8






BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] RETAIL AERIAL // 9






BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] PROXIMITY MAP // 10







BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] REGIONAL MAP // 11





BRYAN BENDER | 248.419 .3810 | [email protected] // ANDY BENDER | 248.419 .3657 | [email protected] AREA & DEMOGRAPHICS // 12

POPULATION 1 MILE 3 MILES 5 MILES

Total Population 2020 12,796 66,335 152,571

Total Population 2023 14,456 74,933 172,629

Population Growth Rate 12.97% 12.96% 12.63%

Average Age 41.4 42.5 42.7

# Of Persons Per HH 2.7 2.6 2.4

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total Households 4,015 23,590 54,203

Median HH Income $96,679 $84,978 $67,469

Median House Value $283,889 $280,433 $277,212

Consumer Spending (Thousands) $48,978 $401,871 $992,050

Denton is located at the apex of the Dallas-Fort Worth metroplex. Denton ishome to both the University of North Texas and Texas Woman's University, withmore than 50,000 students, and offers close proximity to DFW, Dallas Love, andAlliance airports. A well-trained and ample workforce contributes to an averagehousehold income of over $75,000, as Denton is nationally recognized as ahigh-tech hot spot.

The subject property sits on Teasley and is ideally situated among the mainretail artery of Denton. The site benefits from excellent traffic counts in excessof 19,000 vehicles per day. A five mile total population of nearly 153,000 plusexpected growth of 13% makes this location ideal for new development.






BRYAN BENDERMANAGING DIRECTOR


COREY BUNCHSENIOR ADVISOR


ANDY BENDERSENIOR ADVISOR


30445 Northwestern Highway, Suite 275Farmington Hills, MI 48334248.254.3410fortisnetlease.com

EXCLUSIVELY L ISTED BY:

TOTAL SALES VOLUME PROPERTIES SOLD BROKER & BUYER REACH STATES SOLD IN

$6B 3,000+ 345K 43

Click to Meet Team Fortis


https://fortisnetlease.com/

https://fortisnetlease.com/our-agents/

Dollar Tree - TX - DENTON › d2 › _A_2wooHqApTr1Wu8Tue3RcW...Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in two segments,

Documents