Dollar Tree - Net Lease Property for Sale
Springfield, IL
Key Investment Metrics
Price
$1,000,000
Cap Rate
8.3%
Net Operating Income
$82,500
Building Size
11000 SF
Lot Size
11,000 SF
Land Area
0.93 Acres
Remaining Term
7.5 years
Lease Expiration
01/31/2034
Lease Term
16.7 years
Lease Commencement
05/17/2017
Lease Type
NN+
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
$5,500 ($0.50/PSF) In Options
About This Dollar Tree Net Lease Property
This Dollar Tree NNN (triple net lease) property is located in Springfield, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 11000 square feet of building space.
With a cap rate of 8.3%, this Dollar Tree net lease property offers stable income potential. The asking price is $1,000,000, making it an attractive option for 1031 exchange investors seeking quality Dollar Tree commercial properties.
Why Invest in Dollar Tree NNN Properties?
- Stable Income: Dollar Tree net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar Tree is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Springfield, IL Market Overview
Located in Springfield, IL, this Dollar Tree property benefits from strong local demographics and market fundamentals. The Springfield area offers excellent visibility and accessibility, making it an ideal location for Dollar Tree operations and a solid investment for net lease property buyers.