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Family Dollar - Dollar Tree - Thayne, WY 440 Main St 10,500 SF Retail Building Thayne, WY 83127 $1,680,000 ($160/SF) 7.65% Cap Rate
Investment Highlights
- Lease Type NN+
- Lease Expiration Date 9/30/2033
- Increase $5,250 in year 5 & Options
- Original Lease Term 15 Years
- Term Remaining on Lease ±9.25 Years
- Options Six, 5-Year Options
Executive Summary
LEASE & LOCATION
? 2015 Built-to-suit construction for Family Dollar Tree
? Due to strong performance, site was expanded in 2023 and a new lease was signed
? 10-Year NN+ lease w/ limited landlord responsibilities
? Extremely rare base term increase of $5,250 in year 5
? Thayne is located ±50 miles south of the popular ski town of Jackson Hole
? Wyoming is an income tax free state
? The subject property comes with a transferable roof warranty.
? Six, 5-Year Options with rent increases of $5,250 ($0.50 PSF)
? Extremely strong corporately guaranteed lease
TENANT
? Family Dollar Tree Combo stores have proven 20% higher sales volume than non co-
? branded stores
? Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-
? largest discount retailer in the United States with more than 16,000 locations
? Dollar Tree boasts an investment-grade credit rating of BBB-
? Dollar Tree has thrived through the COVID pandemic and witnessed a sharp
? increase in same-store sales and profitability
? 2015 Built-to-suit construction for Family Dollar Tree
? Due to strong performance, site was expanded in 2023 and a new lease was signed
? 10-Year NN+ lease w/ limited landlord responsibilities
? Extremely rare base term increase of $5,250 in year 5
? Thayne is located ±50 miles south of the popular ski town of Jackson Hole
? Wyoming is an income tax free state
? The subject property comes with a transferable roof warranty.
? Six, 5-Year Options with rent increases of $5,250 ($0.50 PSF)
? Extremely strong corporately guaranteed lease
TENANT
? Family Dollar Tree Combo stores have proven 20% higher sales volume than non co-
? branded stores
? Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-
? largest discount retailer in the United States with more than 16,000 locations
? Dollar Tree boasts an investment-grade credit rating of BBB-
? Dollar Tree has thrived through the COVID pandemic and witnessed a sharp
? increase in same-store sales and profitability
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
C
Year Built/Renovated
2015/2023
Price
$1,680,000
Price Per SF
$160
Cap Rate
7.65%
NOI
$128,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.48 AC
1 of 4
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Family Dollar - Dollar Tree - Thayne, WY | 440 Main St
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