STREAM Capital Partners > Properties > All Properties > Dollar Tree

Dollar Tree

Net Lease

349 S Weber Roa, Romeoville, Illinois
Ownership Type:
Fee Simple
Price:
$1,625,000
Cap Rate:
8.00%
Current Rent:
$130,000
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Renewal Options:
None
Building Sq. Ft.:
10,000 SF
Rent Increases:
None
Site Size:
2.83 Acres

Investment Highlights

  • Investment Grade Credit: Dollar Tree (NASDAQ: DLTR) carries an investment grade credit rating of BBB (S&P) providing a strong financial backing.
  • Affluent Chicago MSA Location: Romeoville is located in Chicago’s southwest suburban area and has over 55,000 residents earning an average household income of $100,000 within 3 miles.
  • Long Term History: The store was originally developed as a build-to-suit for Dollar Tree in 2011 with an initial lease term of 5 years. They have exercised three consecutive lease extensions, demonstrating their commitment to the location and customer base.
  • No Remaining Options: Dollar Tree is in their final option period, providing an opportunity for a new landlord to negotiate a long term extension with the tenant in the near term.
  • Retail Synergy: The immediate area is anchored by Walmart Supercenter, Blaines Farm & Fleet, and Kohls, with other national retailers including Chipotle, T.J. Maxx, Petco, Five Below, Ross Dress for Less, Chase, and Aldi.
  • Development Momentum: Recent announcements include a new 12,000 SF La Hacienda grocery store, multiple QSRs like 7 Brew Coffee and Hawaiian Bros, and a new TownePlace Suites by Marriott opening near I-55.
Ownership Type:
Fee Simple
Price:
$1,625,000
Cap Rate:
8.00%
Current Rent:
$130,000
Lease Type:
DoubleNet
Renewal Options:
None
Building Sq. Ft.:
10,000 SF
Rent Increases:
None
Site Size:
2.83 Acres

Listing Agents

Graham Gold

Senior Vice President
314 324 8792[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Hunter Shell

Analyst
832 671 6104[email protected]

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