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INVESTMENT HIGHLIGHTS
Brand New, Long-Term Net Lease The tenant is operating under a brand new net lease with limited landlord responsibilities and 10 years of base lease term remaining. This lease structure allows potential investors to acquire a passive income investment asset with long-term, stable cash flow.
2024 Renovations The Property recently underwent a renovation featuring Family Dollar’s most up to date design and construction standards.
Best-in-Class Tenant with Investment Grade Parent Company The Lease is guaranteed by Family Dollar Stores, Inc, a wholly-owned subsidiary of Dollar Tree, Inc (NASDAQ: DLTR). Dollar Tree is the nation’s largest single price point retailer and holds and investment grade S&P credit rating of BBB/Stable. In FY2024, Dollar Tree reported revenues of over $30.6 billion.
Strong Positioning in Retail Corridor of Ortonville The Property is strongly positioned at the intersection of Jackson Avenue and 1st Avenue in downtown Ortonville near many popular local retailers who drive consumers into the trade area and demonstrate the strength of the real estate. Some nearby tenants of the site include Hartman’s Supervalu Grocery Store, United States Postal Service, Cen Bank, and Headwaters Grill & Bar, among many others.
Location Near Multiple Highway Systems The Property is located just off of State Route 7, and is located down the street from the intersection of U.S Routes 12 and 75. U.S. Route 12 connects Ortonville directly to Minneapolis, and is a major United States east–west highway that runs from Detroit, Michigan to Washington state. U.S. Route 75 connects Ortonville to Fargo, North Dakota and Sioux City, Iowa, and is another major United States highway running north-south from the Canadian border in Minnesota to Dallas, Texas.
