Investment Offering
Inkster, MI - Dollar Tree
120 Inkster Rd | Inkster, MI 48141
Description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Dollar Tree investment property located in Inkster, Michigan. The tenant, Dollar Tree Stores, Inc. recently took occupancy and signed a brand new 10 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of $0.50 PSF/Year at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities limited to roof, foundation & structure making it an ideal, low-management investment opportunity for a passive investor. The property has a brand new roof with a 20-year transferable warranty, new RTU’s, new interior LED lighting, and the parking lot was recently patched, seal coated and striped. Dollar Tree, a Fortune 200 Company, operated 16,419 stores across 48 states and five Canadian provinces as of April 29, 2023
Location
The Dollar Tree is located at the signalized, hard corner intersection of Inkster Rd. and Cherry Hill Rd with a combined (57,700 VPD). The site benefits from excellent visibility via significant street frontage and a large pylon sign along Inkster Rd. The Dollar Tree is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Target, Kroger, Aldi, CVS Pharmacy, Walgreens, Home Depot, AutoZone, O’Reilly Auto Parts, Taco Bell, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by over 309,000 residents and 100,000 employees, providing a direct consumer base from which to draw. Residents within a 5-mile radius of the subject property have an average household income of $79,384