ABSOLUTE-NET LEASE: This is an Absolute NNN Lease with zero Landlord responsibilities. Family Dollar is responsible for all expenses and maintenance of the property.
LONG TERM LEASE: The lease has 10+ years remaining on a 15-year Lease with six, 5-year Renewal Options.
ATTRACTIVE RENT INCREASES: The lease includes an attractive ten (10%) percent Rent Increase in the existing base term (in 2025) and further 10% increases at the start of each option period, providing a steady increase in income and an attractive hedge against inflation.
INVESTMENT GRADE CREDIT: The lease is guaranteed by Dollar Tree Stores, Inc. with an Investment Grade credit rating of BBB- (S&P) and Baa3 (Moody’s). Dollar Tree, Inc. operates over 15,370 locations throughout the country.
RECESSION RESISTANT TENANT: Family Dollar reported a 15.5% increase in same store sales for the 1st quarter ending May 2020. The Property serves as an essential convenience store and the only dollar store for a wide trade area.
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.
