Fortis Net Lease is pleased to present this 10,000 SF Dollar Tree Store store located in Athens, Georgia. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease includes 4-Five year options with $0.50 PSF rent increases every 5 years. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade.
This Dollar Tree is located at a signalized corner and sits adjacent to a high volume Walmart & Kroger Center. Other neighboring tenants include Publix, Chick fil A, Aldi, and Walgreens. The University of Georgia (47,000 Students & Staff) is within a 10 minute drive and the UGA Veterinary School ((120 Students) is directly across the street. This asset is in a dense retail area with an abundance of Student Housing within walking distance. Street traffic is brisk with Average Daily Traffic (ADT) on College Station Rd. of more than 17,500 VPD. The three-mile population is in excess 55,000 people and the three-mile median home value is $226,600. This investment offers a proven BBB rated tenant with financial strength and proven profitability