Dollar Tree Retail Center

Dollar Tree Retail Center is a 19,974 SF retail center located in the established, and high-growth Central Texas submarket of Killeen, Texas.  Positioned approximately 45 minutes south of Waco and one hour north of Austin, the Property boasts a regional location at the northeast corner of US Highway 190 (East Central Texas Expressway) and South W S Young Drive, as an outparcel to Killeen Mall.  Dollar Tree Retail Center is situated in a dense retail corridor with over 2,700,000 SF of retail GLA in a two-mile radius.  Additionally, the Property benefits from close proximity to Fort Cavazos, the among the largest active-duty U.S. military base in the world and major economic driver in Central Texas. Dollar Tree Retail Center is 100% leased to a complementary mix of tenants, including Dollar Tree, Diamond Nails, State Farm, Sente Mortgage, and Pagel & Sons Jewelers. Dollar Tree, Inc. signed a new 10-year corporate lease in 2024, and Pagel & Sons Jewelers has been a tenant at the Property since its construction in 1989, 36+ years. The weighted average base lease term expiration is July 2030. Rents at the Property average just $18.27 PSF NNN while comparable and new construction shop spaces in Killeen are quoting between the mid-$20’s to low-$30’s PSF NNN, allowing long-term upside in potential rent growth. Dollar Tree Retail Center is priced at an attractive 7.50% cap rate, which is below replacement cost at $241.71 PSF.