706 N Houston Rd Listing Details & Market Data

LONG TERM LEASE – Dollar Tree has over 10 years remaining on their original 10 year lease, allowing for a long term investment

MINIMAL LANDLORD OBLIGATIONS – The tenant in on a Modified NNN lease allowing for minimal landlord responsibilities and a passive investmen

OPTIONS TO EXTEND LEASE – Dollar Tree has four, 5-year options to extend the lease

CORPORATE GUARANTY – Dollar Tree corporate has guaranteed the lease, allowing for security of income

GREAT ACCESS – The site boasts from access off of both Green St and N Houston Rd.

DENSE POPULATION – There are more than 80,886 people located within a 5 mile radius.

AFFLUENT SUBURB – The average household income in a 5 mile radius is more than $66,888.

LARGE LOT SIZE – Dollar Tree sits on an oversized lot at ±1.05 acres.

INVESTMENT GRADE CREDIT – Dollar Tree currently has a credit rating of BBB, which is considered to be investment grade.

EXPANDING TENANT – Dollar Tree opened 455 stores in 2022 and plans to open as many as 650 in 2023.

HUGE REVENUE – Dollar Tree’s revenue in 2022 was $28.32 Billion.