dollar tree - bouldergroup.com

Net Lease Investment Offering

Dollar Tree (Investment Grade Tenant)519 E Jasper StreetParis, IL 61944

www.bouldergroup.com | Confidential Offering Memorandum

Dollar Tree | Paris, IL

Offering SummaryExecutive Summary ................................................................... 1

Investment Highlights ............................................................. 2

Property Overview ...................................................................... 3

Location OverviewPhotographs ...................................................................................4

Location Aerial .............................................................................. 5

Site Plan .............................................................................................6

Location Map ................................................................................. 7

Market OverviewDemographics ..............................................................................8

Market Overview ..........................................................................9

Tenant SummaryTenant Profile ............................................................................... 10

Table of Contents

TABLE OF CONTENTS

www.bouldergroup.com | Confidential Offering Memorandum| 1 |

Dollar Tree | Paris, ILExecutive Summary

EXECUTIVE SUMMARY

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar Tree property located in Paris, Illinois. The property was constructed in 2018 for Dollar Tree. The lease has over six years remaining on the primary term. It also features five 5-year renewal options with $0.50 PSF rental escalations in each. Dollar Tree is an investment grade rated tenant (S&P: BBB) and traded on the NASDAQ under the ticker “DLTR”.

The 9,000 square foot building benefits from its location along East Jasper Street (11,000 VPD), which is a primary east-west thoroughfare in the area. Larger tenants in the area include Walmart Supercenter, RP Lumber Company, and Anytime Fitness which drive continual traffic through the corridor. Other retailers and QSR tenants include CVS Pharmacy, Jeep, Chevrolet, Taco Bell, McDonalds, Murphy USA, Precision Collision, and many more. Paris Community Hospital (Horizon Health) is less than one mile from the property. The average annual household income within seven miles is $63,345.

Headquartered in Chesapeake, Virginia, Dollar Tree (NASDAQ: DLTR) is the largest and most successful single-price-point retailer in North America, operating thousands of stores across 48 contiguous U.S. states and Canadian provinces. The company is supported by a solid and scalable logistics network. Dollar Tree stores offer merchandise at the fixed price of $1.00 and provide consumable and general merchandise, seasonal goods and everyday items.



INVESTMENT HIGHLIGHTS

■ Dollar Tree is an investment grade rated tenant (S&P: BBB) (NASDAQ: DLTR)

■ $0.50 PSF rental escalations every 5 years in options

■ Built in 2018 for Dollar Tree

■ 6+ year remain on the primary lease term

■ Positioned along East Jasper Street (11,000 VPD)

■ Walmart Supercenter, RP Lumber Company, and Anytime Fitness drive continual traffic through the corridor

■ Other retailers and QSR tenants include CVS Pharmacy, Jeep, Chevrolet, Taco Bell, McDonalds, Murphy USA, and Precision Collision

■ Paris Community Hospital (Horizon Health) is less than one mile from the property

■ The average annual household income within seven miles is $63,345

Investment Highlights



PROPERTY OVERVIEW

Property Overview

Price: $1,404,000

Cap Rate: 6.25%

Lease Expiration Date: 1/31/2028

NOI: $87,750

Renewal Options: Five 5-year

Rental Escalations: $0.50 psf increase in every option

Lease Type: NN – Roof*, Structure, Parking Lot, Landscaping Replacement

Tenant: Dollar Tree Stores, Inc.

Year Built: 2018

Building Size: 9,000 SF

Land Size: 1.12 AC

*Includes original roof warranty through 2023


Dollar Tree | Paris, ILPhotographs


Dollar Tree | Paris, ILLocation Aerial


Dollar Tree | Paris, ILSite Plan


Dollar Tree | Paris, ILLocation Maps



DEMOGRAPHICS

Demographics

3-Mile 5-Mile 7-Mile

Total Population: 9,622 10,205 11,331

Total Households: 4,198 4,440 4,898

3-Mile 5-Mile 7-Mile

Median Household Income: $50,052 $50,744 $52,132

Average Household Income: $61,184 $61,985 $63,345

Population Income


Dollar Tree | Paris, ILMarket Overview

City ofParis, Illinois

Paris is a city in Paris Township, Edgar County, Illinois, USA, 19 miles (31 km) northwest of Terre Haute, Indiana. Paris adopted the commission form of government in 1915. In 1900, 6,105 people lived in Paris, Illinois; in 1910, 7,664; and in 1940, 9,281. The population was 8,837 at the 2010 census. Paris is the county seat of Edgar County.

In 1816, the land that is now Edgar County was offered for sale by the federal government. Through a treaty with the Kickapoo Indians, they acquired the land. The following year, settlers began arriving, many via an Indian trail that became the Chicago-Vincennes Road (Illinois Route 1).

In 1822, Samuel Vance, a Virginian who moved to Illinois after a short stay in Kentucky, purchased 26 acres in the center of what was to become Edgar County. Two years later, Vance and his wife donated the 26 acres to the state to establish a new county seat.

Incorporated as a village in 1849, it is most likely that Paris got its name from the word “Paris” carved on the side of an old jack-oak tree in the center of today’s downtown.

Paris was the home of a minor league baseball team in the 1950s named the Paris Lakers. A contest was held among the community to decide on a name for the team. The winning submission, Paris Lakers, was sent in by James C. Dickey. The Paris Lakers were the 1956 Midwest League Champions and were an affiliate of the Chicago Cubs.

During the 1980s, the city had tremendous growth with the relocation of various industries. Today, the city is experiencing a new era of development. Nearly 9,000 residents call Paris home.


Dollar Tree | Paris, ILTenant Overview

Dollar Tree

Headquartered in Chesapeake, Virginia, Dollar Tree (NASDAQ: DLTR) is the largest and most successful single-price-point retailer in North America, operating thousands of stores across 48 contiguous U.S. states and Canadian provinces. The company is supported by a solid and scalable logistics network. Dollar Tree stores offer merchandise at the fixed price of $1.00 and provide consumable and general merchandise, seasonal goods and everyday items. The company operates its stores under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Tree Canada, Dollar Giant, and Dollar Bills.

On July 28, 2014, Dollar Tree announced it was offering $9.2 billion for the purchase of competitor chain store Family Dollar. On August 18, 2014, Dollar General lodged a competing bid of $9.7 billion, but that bid was subsequently rejected by the Family Dollar board citing antitrust concerns. Instead, Family Dollar is moving forward with the deal to be purchased by Dollar Tree, as Family Dollar shareholders approved the merger on January 22, 2015. The deal was completed on July 6, 2015, paving the way for a combined company operating over 13,000 stores with annual sales of over $19 billion, making it the largest dollar-store chain in the country.

Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. In August 2012, the company began accepting manufacturer’s coupons at all of its store locations.

Company Type: Public (NASDAQ: DLTR)

Headquarters: Chesapeake, VA

# of Locations: 15,288+

Employees: 87,500+

Investment Rating: S&P: BBB

Website: www.dollartree.com

EXCLUSIVELY LISTED BY:

Randy [email protected]

The Boulder Group3520 Lake Avenue, Suite 203Wilmette, Illinois 60091

www.bouldergroup.com

CONFIDENTIALITY & DISCLAIMERThe information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Jimmy [email protected]

dollar tree - bouldergroup.com

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