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Agent Details

Dollar Tree Strip

Price

$1,600,000

StripCenter Highlights

  • Replaceable Rent: Your Dollar Tree Strip Center has the lowest rent/SF of the 17 tier-two strip centers currently on the market in Virginia, paying $7.31/SF. Of the 912 tier-two strips on the market nationally, your Dollar Tree Strip ranks #888/912, falling in the bottom 3% of rent/SF nationally.

  • Well Below Replacement Value: Your Dollar Tree Strip is priced at $1.6m, which amounts to a purchase price of $80/SF. To build a center like this today would cost well over $80/SF, leading to a purchase price below replacement value for this center.

  • Investment Grade Credit: Your shopping center is anchored by Dollar Tree, a Fortune 500 company and an investment grade credit tenant, rated BBB by S&P Global Ratings, currently operating more than 16,000 stores across all 50 states and Canada. This credit is complemented by PT Solutions, a 550-unit physical therapy operator serving 5 million patients annually across the nation.

Cap Rate

8.15%

NOI

$130,384

Year Built

1964

Occupancy

100%

Building SF

20,086

3 Mile HHI

$72,576

Units/Bays

3

Lot Size

1.95 Acres

3 Mile Pop

8,904

Property Features

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