Dollar Tree | Brookland AR
Retail
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.
INVESTMENT-GRADE TENANT | FORTUNE 150 COMPANY
In 2015, Dollar Tree acquired Family Dollar, now the Fortune #137 company boasts over 16,620 locations and is opened nearly 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 $29.68B, TTM EBITDA of $2.49B, and TTM Net Income of $1.16B.
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.
OVER 20,000 VPD | HIGHWAY 49 FRONTAGE | LOCATED BETWEEN JONESBORO AND PARAGOULD
The Subject Property has Highway 49 frontage and sees over 20,000 VPD. Sitting at the north entrance of the rapidly growing Brookland Community, the Subject Property is less than 5 minutes from Brookland School District which is one of the Fastest Growing Public School Districts in the area. The Subject Property is located between Jonesboro and Paragould and is just north of Paragould which has a population of over 28,000 people.
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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.