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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 about 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 Build-to-Suit Construction The Property was recently constructed in 2024 and features Family Dollar | Dollar Tree’s most up to date design and construction standards.
Best-in-Class Tenant with Investment Grade Parent 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 an investment grade S&P credit rating of BBB/Stable. In FY2024, Dollar Tree reported revenues of over $30.6 billion.
New Combo Store Concept In March 2021, Dollar Tree announced the development of a new store format combining Family Dollar and Dollar Tree into one store. These new combo stores leverage the strengths of the Dollar Tree and Family Dollar brands under one roof to serve small towns across the country. This new format has proven successful with 1,200 combo stores currently (as of FY 2023) in operation and hundreds of more on the way.
Excellent Access & Visibility Along Primary Thruway The Property benefits from excellent access and visibility along E College Drive (MN State Hwy 19), the primary east-west thruway for Marshall that connects the site to the downtown area of the city. Additionally, MN State Highway 19 is one of the primary thruways connecting Marshall to the Minneapolis metropolitan area. E College Drive sees over 9,744 vehicles per day, and the Property’s strategic positioning along the road gives the underlying real estate inherent value.
Proximity to Southwest Minnesota State University The Property is located less than 0.50 miles from Southwest Minnesota State University (SMSU), a public university offering a variety of undergraduate and graduate programs. SMSU enrolls over 8,700 students and is a vital part of the community, contributing to the local economy and providing educational opportunities for residents and students from across the state and beyond.
Strong Retail Corridor of Marshall The Property is located within a strong retail corridor of Marshall along E College Drive that is home to many nationally recognizable retailers who not only drive consumers into the trade area but also demonstrate the strength of the real estate. Some nearby tenants of the site include McDonald’s, Casey’s, Kwik Trip, Taco Bell, Dairy Queen, Caribou, BMO, Applebee’s, and Hobby Lobby, among many others.
