Property Name

Dollar Tree

GLA 8,620 SF

Percent Leased 100% Leased

Property Description

Dollar Tree is a corporate guaranteed single tenant retail asset located adjacent to a Walmart Neighborhood Market within the high-growth DFW submarket of Denton, Texas.  Built in 2020 on 1.04 acres of land, the Property is approximately 35 minutes from both downtown Dallas and downtown Fort Worth.  Dollar Tree has over 6 years left on it’s primary term with three (3) five-year renewal options and a $0.50 PSF rent bump with every five (5) year renewal option. The lease features limited landlord responsibilities and an annual rent of $14.75 PSF NN. Dollar Tree, Inc. (NASDAQ: DLTR) reported revenue in excess of $28.3 billion in 2023 and is rated “BBB” by S&P. Dollar Tree, Inc. is the leading operator of discount variety stores with over 16,000 locations across North America and is ranked #144 on the Fortune 500 list in 2024. The Property benefits strong demographics, excellent visibility to Teasley Lane, partial masonry construction with engaging architectural elements and shared accessibility to the large Walmart Neighborhood Market monument sign. The average household income exceeds $135,300, $122,300 and $110,000 in a one, three and five mile radii, respectively. Notable retailers in the area include Walmart Neighborhood Market, Walmart Fuel Station, 7-Eleven, CVS, Subway, Club Pilates, O’Reilly Auto Parts and Valvoline Express Care amongst others. 

Strategically positioned just off the intersections of Teasley Lane and Ryan Road, Dollar Tree benefits from combined traffics counts of more than 23,800 vehicles per day.   The Property experiences convenient connectivity to Interstate 35E and Loop 288, which are considered primary thoroughfares of Denton and boasts combined traffic volumes in excess of 143,100 vehicles per day.