Dollar Tree

Investment Overview

Fortis Net Lease is pleased to present this 9,944 SF Dollar Tree store located in Pensacola, Florida. The property is encumbered with a Ten (10) Year double net lease, leaving minimal landlord responsibilities. The lease contain Six (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-” which is classified as investment grade. This Store is highly visible as it is strategically positioned off of the intersection of Hwy 292 & 173 (which sees over 25,000 vehicles per day). The building is located near a main artery leading into downtown Pensacolas Beach Attractions. The five mile population is over 16,000 with the three mile average household income of $74,931. These are above-average demographics for the average Target. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant. List price reflects a 5.25% cap rate based on NOI of $141,702.

Investment Highlights

• Brand New Outlot Build | Upgraded Construction
• All Brick Building
• Huge Traffic Generators | Target & Aldi!
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• Six (5 Yr) Options | $0.50 Rental Rate Increase
• Located on Main Retail Artery Leading into Downtown Pensacola
• Investment Credit Tenant | Standard & Poor's: 'BBB-'
• Traffic Count in Excess of 25,000+
• Three Mile Average Household Income $74,931
• The Store Out Positions Other Retailers in Market | High Traffic Counts