1308 Timberlane Dr
Sauk Centre, MN 56378
Dollar Tree · Retail Property For Sale

Marcus and Millichap is pleased to present for your acquisition review the Dollar Tree in Sauk Centre, Minnesota. The 8,600 square foot Dollar Tree is positioned on .92 acres and sits in close proximity to Walmart and Coburn’s. The next closest Walmart Supercenter is 24 miles away. Other national retail traffic drivers include McDonald’s, Hardee’s, and O’Reilly Auto Parts among many others. The Dollar Tree was built in 2018, providing assurance of no deferred maintenance for a future landlord. The lease is considered triple net, with the tenant reimbursing for all common area maintenance, insurance, real estate taxes and administration expenses. There are scheduled rent increases in each of the four renewal options. Dollar Tree signed an original seven year lease. Currently there are over 5.75+ years of term remaining giving an incoming investor ease of mind and higher yield with a tenant credit rated by S&P 500 as BBB-. Dollar Tree benefits from a lack of dollar store competition in the market, as well as its interstate access location to I-94 where there are over 24,000 vehicles per day. Dollar Tree was founded in 1986 and in 34 years has grown to more than 15,115 locations across 48 states. The company is publicly traded on the NASDAQ under the ticker “DLTR”.