The Goldstein Group is pleased to present this excellent, NN Dollar
Tree store located at 3911 West Oak St, Palestine, Texas, roughly a 1.5
hour drive south of Dallas, TX.
The property is encumbered with a ten (10) year double net lease,
leaving minimal landlord responsibilities. The lease contain Three (5) year options to
renew, each with $0.50 PSF rent increase. 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 highly visible as it is strategically positioned on a corner of Oak St
(which sees 12,600 vehicles per day). The building is located on a main artery feeding
Palestine. The five mile population is nearly 24,000+ with the two mile average
household income at $55,282. These are ideal demographics for a Dollar Store. The five mile
average home value exceeds $100,000.
This investment will offer a new owner success due to the financial strength and the
proven profitability of the tenant, one of the nation’s top dollar stores.