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INVESTMENT HIGHLIGHTS
Highly Passive Shopping Center Net Leases | The Tenants are operating under highly passive shopping center net leases with limited landlord responsibilities, allowing potential investors to acquire a passive income investment asset with stable cash flows.
Best-in-Class Tenant Mix with Investment Grade Retailers | The Property is tenanted by two strong national retailers, Family Dollar and O’Reilly Auto Parts. Family Dollar is one of the nation’s largest chains of dollar stores with more than 8,000 locations, and a parent company, Dollar Tree, Inc. (NASDAQ: DLTR), that reported FY2024 revenues of more than $30.6 billion and holds an investment grade credit rating of BBB/Stable (S&P). O’Reilly Auto Parts is one of the largest specialty retailers of automotive after-market parts with more than 5,900 stores across the country. O’Reilly Automotive, Inc. (NASDAQ: ORLY) reported FY2023 revenues of over $15.8 billion and currently holds an investment grade credit rating of BBB/Stable (S&P).
High Residual Value with Low Rent PSF | The two Tenants are currently paying a rent PSF of $12.09, allowing a savvy investor to acquire an asset with high residual value in the event of any future vacancies.
Excellent Access & Visibility Along Highway 65 | The Property benefits from excellent access and visibility along State Highway 65, a primary thruway for Mora and its surrounding areas that sees over 13,336 vehicles per day. Additionally, State Highway 65 is the primary thruway that connects Mora to the Minneapolis- Saint Paul metropolitan area. This strategic property positioning not only helps to drive consumers into the site, but also gives the underlying real estate inherent value.
Strong Retail Corridor | The Property is located within a strong retail corridor that is home to several nationally recognizable retailers who help to drive consumers into the trade area and demonstrate the strength of the real estate. Some nearby tenants of the site include Hardee’s, McDonald’s, Dairy Queen, Verizon, Pizza Hut, Kwik Trip, Holiday, and multiple locally owned establishments, among others.
Proximity to Welia Health Hospital | The Property is located across the street from Welia Health, the primary hospital serving Mora and its surrounding areas, and a major traffic driver for the city. The hospital is licensed to operate 49-beds, and the Property’s location near the healthcare center allows the tenants of the site to take full advantage of consumer traffic that the facility attracts.
