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Dollar Tree - Morrow GA 2383 Lake Harbin Rd 10,906 SF Retail Building Morrow, GA 30260 $1,677,846 ($153.85/SF) 6.50% Cap Rate
Investment Highlights
- 10-Year Operating History | 4+ Years Remaining | Corporate Guaranteed | Options to Extend
- Clayton State University | Dense Retail Corridor | High Traffic Counts | Signalized, Hard Corner Location
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Local Demographics In 5-mile Trade Area
Executive Summary
• Dollar Tree has operated at this location for 10 years and has 4 years remaining on their current lease
• Lease was extended in March 2024, 9 months before the notice date.
• The lease is corporate guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR)., an investment grade (S&P: BBB), nationally recognized, and an established discount store with 9,200 stores and 18 distribution centers across 48 contiguous states and seven Canadian provinces
• The lease offers two (5-year) options to extend, with 5% rental increases at the beginning of each option period
• Lease was extended in March 2024, 9 months before the notice date.
• The lease is corporate guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR)., an investment grade (S&P: BBB), nationally recognized, and an established discount store with 9,200 stores and 18 distribution centers across 48 contiguous states and seven Canadian provinces
• The lease offers two (5-year) options to extend, with 5% rental increases at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,906 SF
Building Class
B
Year Built
1997
Price
$1,677,846
Price Per SF
$153.85
Cap Rate
6.50%
NOI
$109,060
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.50 AC
Zoning
BG - General Business District
Parking
67 Spaces (6.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 12-0117A-00B-007 | Improvements Assessment | $486,320 |
| Land Assessment | $217,800 | Total Assessment | $704,120 |
Property Taxes
Parcel Number
12-0117A-00B-007
Land Assessment
$217,800
Improvements Assessment
$486,320
Total Assessment
$704,120
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Dollar Tree - Morrow GA | 2383 Lake Harbin Rd
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