INVESTMENT HIGHLIGHTS

LEASE AND LOCATION

• 2024 build-to-suit construction for Dollar Tree
• 10-year NN+ lease with limited landlord responsibilities
• Concrete parking lot
• Nearby national tenants include USPS, Buffalo Wild Wings, Sonic, The Home Depot, Arby’s, Wendy’s, KFC, Walgreens, CVS, and many more
• 5 mile population in excess of ±22,573 residents
• Average household income of $103,075
• The subject property comes with a 20-year transferable roof warranty
• Six, 5-year options with rent increases of $5,000 ($.50 PSF)
• The subject property is situated near various traffic generators, such as Jacksonville Memorial Hospital, Jacksonville Speedway, Jacksonville High School, and Jacksonville Municipal Airport
• Jacksonville is located 35 miles west of Springfield (the capital of IL)

TENANT HIGHLIGHTS

• Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
• Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same store sales/profitability
• Investment grade credit tenant – S&P rated BBB