Dollar Tree | Affluent Chicago Suburb

BACK TO LISTINGS

727 South Main Street
Lombard (Chicago MSA), IL

Price: $1,938,000

Cap: 8.50%

NOI: $164,711

Building Size: 11,408 SF

Lot Size: 1.78 AC

Investment Highlights

AFFULENT SUBURB OF CHICAGO | AVG HHI: $127,651

• This Dollar Tree is located in Lombard, IL which is an affluent & dense suburb of Chicago.

• The 5 mile population is 285,609 with an Average household income of $127,651.

• Chicago is the largest city in Illinois and the third largest city in the United States with a population over 2.6 million.

• Multiple DOW 30 companies are based in Chicago including Boeing, McDonald’s, Walgreens and more.

HIGH TRAFFIC LOCATON OFF AN INTERSTATE

• The subject property is located on South Main St (13,100 VPD) off Interstate 355 (115,300 VPD)

• 3 miles from a primary retail corridor with national tenants that include Home Depot, Costco Wholesale, Target, and more.

RECENTLY EXTENDED CORPORATE NN LEASE WITH

DOLLAR TREE

• This Dollar Tree has been operating at this location since 2013 and recently extended the lease for an additional 5 years.

• Dollar Tree exercised their first option period in October 2023 which extended the lease through September 2028.

• There are 4.5 years remaining on a corporate guaranteed NN lease with Dollar Tree.

• This extension speaks to Dollar Trees confidence and dedication to this market & location.

• Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities.

• There are limited Landlord responsibilities which only include Roof & Structure.

• There are 10% rent increases in each of the remaining four, 5-year option periods.

INVESTMENT GRADE TENANT

• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.

• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.

Name

Phone

Email

Principal or Broker?