Family Dollar/Dollar Tree 652 2nd Avenue,

Investment Highlights

Executive Summary

We are pleased to present this 10,500 SF. freestanding Family Dollar | Dollar Tree, dual concept store located in Sibley, Iowa. The aree property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a $0.50 PSF rental rate increase. The lease is corporately guaranteed by Dollar Tree which holds a credit rating of ?BBB-?, which is classified as Investment Grade. The store has completed construction & successfully opened for business in December 2023!This Family Dollar | Dollar Tree store is highly visible as it is strategically positioned between 1st Avenue & 2nd Avenue which sees 4,414 cars per day. With 3 ingress/egress points, the store is easily accessible from either street. It sits across the street from a Casey's & gas station. The ten mile population from the site is 5,802 while the three mile average household income is $74,225 per year, making this location ideal for a Family Dollar | Dollar Tree store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a ?passive? investor to attain the fee simple ownership of a Family Dollar | Dollar Tree store. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of t he nation?s top dollar stores. List price reflects a 7.45 % cap rate based on NOI of$116,550.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Retail
• Building Size    10,500
• Building Class    B
• Year Built    2024
• Price    1,564,429
• Price Per SF    149
• Cap Rate    7.45
• NOI    116,550
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.24
• Land Acres    1.00 AC