Offering Memorandum
Highlights
- New 5-Year Triple Net Lease with 4 x 5-Year Options Commencing in February of 2024 - Rent Increases in Option Periods
- Low Price Point Investment Opportunity and Below Market Rent
- Investment Grade (S&P BBB) Corporate Guarantee from Dollar Tree Stores, Inc - $28.33B In Revenue - 17k+ Locations in USA and Canada
- Signalized Hard Corner Location on Intersection of North Ave (12,290 VPD) and E Roosevelt Ave (7,303 VPD)
- Located in Battle Creek, MI - Home to over 53k+ Residents and 6k+ Kellogg Company Employees
- Less than 1 Mile from Kellogg Community College - 8,400 Students - 174 Faculty Members
- Price: $1,651,000
- Lot Size: 2.05 AC
- Cap Rate: 6.00%
- Lease Type: Triple Net
- Year Built: 1999
- Building SF: 11,008
- Status: Active
- Guarantor: Corporate Guarantee - Dollar Tree Stores, Inc