NET LEASES & NATIONAL TENANTS: Dollar Tree and Fastsigns are national tenants, and all three tenants have net leases with the Tenants reimbursing for real estate taxes, insurance, and common area maintenance.
LEASES: Dollar Tree has been at this location since 2012 and has 4-years remaining on their corporate lease with four (4), 5-year renewal options. Revibe Style & Spa has 2+ years remaining on their lease with two (2), 3-year renewal options, and Fastsigns has 5 years remaining on their lease with one (1), 3-Year renewal option and one (1), 5-year renewal option.
SCHEDULED RENT INCREASES: Dollar Tree’s lease features rent increases throughout the base term and at the start of each renewal option. Both Revibe Style & Spa and Fastsigns leases call for annual rent increases throughout the base terms and renewal options providing a steady increase in income and a hedge against inflation.
RECESSION RESISTANT TENANT: Dollar Tree thrives in middle-America markets where incomes may be modest, proving the tenant to be a resilient and recession-resistant retailer. Dollar Tree has reported positive year-over-year revenue growth every quarter since Q4 2018.
STRONG DEMOGRAPHICS: More than 141,600 people live within 3-miles of the Property with an average household income of $114,814. An impressive 360,500+ people live within 5-miles of the Property with an average household income of $117,353.
