Family Dollar Tree | 8.00% Return

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1610 Military Ave.
Baxter Springs, KS

Price: $1,307,000

Cap: 8.00%

NOI: $104,500

Building Size: 10,611 SF

Lot Size: 0.98 AC

Investment Highlights

LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN

• This property has a lower rent & price point of $1.3M and has an attractive 8.00% return which is unique for investment grade credit in this market.

NEAR JOPLIN | 5TH LARGEST MSA IN MO

• Baxter Springs is located 20 minutes west of downtown Joplin.

• Joplin is a city in Jasper and Newton counties in the southwestern corner of the U.S. state of Missouri.

• Joplin is the main hub of the three-county Joplin-Miami, Missouri-Oklahoma Metro area, which is home to 210,077 people making it the 5th largest metropolitan area in Missouri

• Home to multiple colleges and universities including Missouri Southern State University with nearly 5,000 students enrolled.

1 MILE FROM 100,000 SF MANUFACTURING PLANT WITH 100 EMPLOYEES

• This Family Dollar Tree is located 1 mile from a steel manufacturer with 100 employees.

7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE

• The subject property is a 2021 construction Family Dollar Tree located in Baxter Springs, KS.

• This store opened and rent commenced in June 2021.

• There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree.

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

• There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement.

• The rent increases $0.50 per square foot in each of the five, 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

OFFERING MEMORANDUM

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