Family Dollar / Dollar Tree | Brookland AR

Retail

8291 US 49 Brookland, AR
Price:
$ 1,941,400
Property Size:
10,500 sqft
Cap Rate:
7.15
NOI:
$ 138,810
Units:
1
Year Built:
2023
Status:
Sale

JONESBORO MSA | 5TH LARGEST CITY IN THE STATE | OVER 130,000 IN MSA
The subject property is located in Brookland, Arkansas which is a city in Craighead County, Arkansas. Brookland is 10 miles northeast of Jonesboro, Arkansas which is the 5th most populous city in the state of Arkansas and has over 135,000 people in the Jonesboro MSA. Jonesboro is also home to Arkansas State University and is the cultural and economic center of Northeast Arkansas.
NEW COMBO STORE FORMAT
According to Dollar Tree, the combined Family Dollar and Dollar Tree format store sales are on average 20% higher than in Family Dollar stores without the Dollar Tree features. With the success of the combination format, in 2023 Dollar Tree added 650 new or relocated combo stores with at least 300 being the new combo store concept with many more slated for 2024.

HIGHLY PASSIVE LEASE | MINIMAL LANDLORD OBLIGATIONS | BRAND NEW 10-YEAR LEASE
The subject property is operating under a highly passive corporate guaranteed lease with minimal landlord obligations. The subject lease offers Four (4), Five (5) year options to extend with rental increases of $0.50/SF in the option periods.

INVESTMENT GRADE CREDIT | FORTUNE 150 COMPANY | RAPIDLY EXPANDING RETAILER
In 2015, Dollar Tree acquired Family Dollar, now the Fortune #137 company boasts over 16,470 locations and is opening 650 stores in 2023, nearly 200 more than the 455 stores in 2022. Dollar Tree boasts an investment grade credit rating of BBB with Standard & Poor’s and had TTM Revenue of $29.31B, TTM EBITDA of $2.49B, and TTM Net Income of $1.22B.

Documents

×

Login

×

Register

The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535
Ken Hedrick
Executive Managing Director
918.878.9540
Phillip Butts
Senior Analyst
918.878.9534
Hayden Ashley
Analyst
9188789541

Questions?

Get more info on this property. Contact Us
Go to Top