The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar Tree property positioned within the New York MSA in Brooklyn, New York. Dollar Tree has operated successfully at this location since 2019. The lease extends through March 2029 and includes three 5-year renewal options, each with 10% rental escalations. Dollar Tree is currently paying below-market rent ($33.98/SF versus $40.00/SF). Dollar Tree is investment grade rated ‘BBB’ by Standard & Poor’s.
The 10,000 square-foot building bene?ts position near the intersection of Remsen Avenue (20,400 VPD) and NY Highway 27, which leads to JFK International Airport and experiences 45,500 vehicles per day. The property is located in a dense in?ll area where there are more than 1.1 million people residing within a three-mile radius. Additionally, the average household income for the population exceeds $118,000. The property is within proximity to several retailers including Walgreens, McDonald’s, Burger King, Popeyes, Key Food Supermarkets, & many others. It is also just minutes from several large medical institutions including NYC Health & Hospital, SUNY Downstate Health Science University, Kingsbrook Jewish Medical Center, and Brookdale University Hospital & Medical Center.
Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 16,000 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner.