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Chicago MSA | Dollar Tree | NNN Lease | Opportunity Zone | Low $85 per SF

Listing was updated at: 04/24/2019
Chicago MSA | Dollar Tree | NNN Lease | Opportunity Zone | Low $85 per SF Chicago MSA | Dollar Tree | NNN Lease | Opportunity Zone | Low $85 per SF Chicago MSA | Dollar Tree | NNN Lease | Opportunity Zone | Low $85 per SF Chicago MSA | Dollar Tree | NNN Lease | Opportunity Zone | Low $85 per SF Chicago MSA | Dollar Tree | NNN Lease | Opportunity Zone | Low $85 per SF Chicago MSA | Dollar Tree | NNN Lease | Opportunity Zone | Low $85 per SF

Property Overview

Price/Rent PSF $ 1,100,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 12,886
Date Available 04/17/2019
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Description

Location
Signalized Corner of 159th and Wood with 29,000 ADT on 159th St. (US-6)

Sale
Price well below replacement costs at $85/SF as a Trust Liquidation.
Eligible for Opportunity Zone Tax Benefits just 20 miles south of downtown Chicago.
NNN lease with Tenant responsible for real estate taxes, insurance and performing their own CAM, including landscaping, snow removal and parking lot repairs. Minimal Landlord responsibilities only roof, structure and foundation.
6+ years remaining on original 10 year lease with 3- 5 year options with $0.50/SF rent increases in each option period.
Signalized corner with 29,000 ADT on 159th St. (US-6).
Strong Corporate Guarantee- Dollar Tree Stores, Inc. is a publicly traded company (symbol: DLTR, NYSE) and a Fortune 500 Company (#134 in 2018) with more than 15,0000 retail locations in 45 state across the US. In fiscal 2017, DT generated revenues in excess of $22.25 Billion. The company carries an investment grade S&P credit rating of BB/Stable. DT currently employees over 175,000 people headquartered in Chesapeake, VA. For more information visit:www.DollarTree.com.

Location

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