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Dollar Tree

Austell, Georgia

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Marcus & Millichap is pleased to present the exclusive listing for a Dollar Tree located at 4930 Austell Rd in Austell, Georgia. The site consists of roughly 11,215 rentable square feet of building space on estimated 2.31-acre parcel of land. This Dollar Tree is subject to a 7-year double-net (NN) lease, which commenced March 15th, 2017. The current annual rent is $100,935. The tenant will have three (3), five (5)-year renewal options.

About the Investment:

  • Original 7-Year Double Net (NN) Lease
  • Approximately 2.5 Years Remaining on Base Term
  • Rental Increases Occurring in Each Option Period
  • Three (3), Five (5)-Year Tenant Renewal Options

About the Location:

  • Dense Retail Corridor | Target, Walmart, Lowe’s, The Home Depot, TJ Maxx, Party City, Hibbett Sports, Office Max, Hobby Lobby, Big Lots, Kohl’s, Ross Dress For Less, and Many More
  • Strong Demographics | Population Exceeds 159,400 Individuals Within a Five-Mile Radius
  • More Than Ten Schools Within a Two-Mile Radius | South Cobb High School is Across the Street | Over 1,900 Students Enrolled at South Cobb High School
  • Strong Real Estate Fundamentals | Located Approximately One and a Half Miles from East West Commons Shopping Center | 26 Stores and Over 183,000 Square Feet of Space
  • Strong Traffic Counts | Over 38,300 and 10,300 Vehicles Per Day Along Austell Road and Clay Road SW
  • Wellstar Cobb Hospital | Less Than One-Mile from the Subject Property | Over 380 Fully Staffed Beds

About Tenant/Brand:

  • Dollar Tree has an Investment Grade Credit (S&P:BBB)
  • Dollar Tree Operates Over 15,500 Stores in 48 States with More Than $25.50 Billion in Sales\
  • Dollar Tree is Listed as the 111th Ranked Company on the Fortune 500 List
  • Over 193,000 People are Employed by Dollar Tree
  • In 2015 Dollar Tree Acquired Family Dollar and has Continued to Expand Ever Since

Key Details

Price:
$1,392,207
Cap Rate:
7.25%
Annual Rent:
$100,935
Address:
4930 Austell Rd, Austell, Georgia 30106
Property Type:
Net Leased Retail
Lease Type:
Double Net (NN)

Original Lease Term:
7 Years
Lease Commencement:
March 15, 2017
Lease Expiration:
June 30, 2024
Lease Term Remaining:
2.5 Years
Rental Increases:
$0.50 / sf in Each Option
Lot Size:
2.31 Acres
Building Size:
11,215 SF
Tenant:
Dollar Tree

Broker of record

John Leonard

License: 252904


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