Dollar Tree – Lucasville

Property Type: | Property Status: Sold

Dollar Tree Lucasville

Property Details

Price: $672,000

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type: NNN

Location Info

Address: 23 Robert Lucas Road

City: Lucasville

State: OH

Zip: 45648

Property Description

Short Description:
PURCHASE INDIVIDUALLY OR AS PORTFOLIO SALE! Dollar Tree, Inc., a Fortune 200 company and leading operator of discount variety stores that has served North America for more than thirty years. The Company is proudly headquartered in Chesapeake, Virginia and operates 15,000+ stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 193,000 associates. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. Dollar Tree reported revenue for the quarter ending July 31, 2021 was $6.34 billion, a 1.04% increase year-over-year and revenue for the twelve months ending July 31, 2021 was $25.77 billion, a 4.64% increase year-over-year. Dollar Tree carries a broad, exciting mix of merchandise that includes many trusted national and regional brands. Some of the product departments you’ll find at Dollar Tree include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and so much more. Everything you need for every day, every holiday, every occasion… and every single item is only $1 (or less)!

• Corporate, 8,000 S.F. Dollar Tree: National, Publicly Traded Brand (NASDAQ: DLTR) with Over 15,000 Locations and Investment Grade Credit (Baa2/BBB) • Success and Desire to be at Location: Just Executed, Early 5 Year Extension Now Giving 6.5 Years of Term Remaining and 3, 5-Yr. Option Periods with Rental Increases • Low Price Point Under $84/SF and Very Low Rental Rate of $5.25/SF, Providing a Low-Risk Investment • Ideal, Low Management Asset for an Out-of-State, Passive Investor: Dollar Tree Handles All Daily On-Site Maintenance • Stable Tenant: Dollar Tree Reports Revenue for the Quarter Ending July 31, 2021 at $6.34 Billion and Revenue for the 12-Months Ending July 31, 2021 at $25.77 Billion, a 4.64% Increase Year-Over-Year • Surrounded by Complimentary Retailers: Wendy’s, Advance Auto, O’Reilly’s, Fifth Third Bank and More • Just Off US-23, Main Roadway and Main Retail Corridor Through Lucasville at the Main Intersection with Scioto Road (aka Robert Lucas Road) • Strong Surrounding Community with Average Household Incomes Approximately $69,000 Within a 3-Mile Radius • Direct Vicinity of Major Employers: Stable Employment Base with Largest Employer, Ohio Dept. of Rehabilitation and Correction Located 3 Miles from Property (650 Employees) and Additional Key Employers a Short Distance Away in Neighboring Cities of Portsmouth and Chillicothe, Generating a Workforce Numbering in the Thousands in the Direct Vicinity