STNL Property Video
Price
$1,682,374
The Deal in 30 Seconds
Deal Highlights
Replaceable Rent: Your Dollar Tree Strip Center has the lowest rent/SF of the 17 tier-two strip centers currently on the market in Virginia, paying $7.31/SF. Of the 912 tier-two strips on the market nationally, your Dollar Tree Strip ranks #888/912, falling in the bottom 3% of rent/SF nationally.
Well Below Replacement Value: Your Dollar Tree Strip is priced at $1.682m, which amounts to a purchase price of $84/SF. To build a center like this today would cost well over $84/SF, leading to a purchase price below replacement value for this center.
Investment Grade Credit: Your shopping center is anchored by Dollar Tree, a Fortune 500 company and an investment grade credit tenant, rated BBB by S&P Global Ratings, currently operating more than 16,000 stores across all 50 states and Canada. This credit is complemented by PT Solutions, a 550-unit physical therapy operator serving 5 million patients annually across the nation.
7.75%
Cap Rate
NNN
Lease Type
Term Remaining
-
$130,384
NOI
20,086 sqft
Bldg Size
1.95 Acres
Lot Size
1964
Year Built
$72,576
3 Mile HHI
8,904
3 Mile Pop
Landlord Responsibilities: Roof, Structure, & CAM














