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Dollar Tree 365 N Public Ave 10,500 SF Retail Building Clever, MO 65631 $1,572,000 ($149.71/SF) 7.85% Cap Rate
INVESTMENT HIGHLIGHTS
- 10-year corporate net lease featuring five, 5-year extension options at increased rents
- S&P Global Ratings affirmed Dollar Tree’s “ BBB” investment grade rating 1/27/25, with a stable outlook
- 20-year transferable roof warranty in place
- Lease is guaranteed by Dollar Tree (NASDAQ: DLTR)
- 2024 build-to-suit construction to tenant’s latest prototype
- Affluent submarket – $97,713 average household incomes within a 3-mile radius of the subject property
EXECUTIVE SUMMARY
A corporate triple net Dollar Tree with a 10-year base term lease and five, 5-year options to extend the lease at increased rents. The subject property is located in Clever, MO – an affluent Springfield suburb boasting average household incomes of $97,713 within a 3-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2024
Price
$1,572,000
Price Per SF
$149.71
Cap Rate
7.85%
NOI
$123,375
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.21 AC
Frontage
296’ on North Public Avenue
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| W Meadowbrook Ave | N Hwy K, W | 5,396 | 2025 | 0.11 mi |
| South Public Avenue | K Hill Rd | 2,966 | 2025 | 0.39 mi |
| West Brown Street | S Clark Ave, SE | 2,939 | 2025 | 0.42 mi |
| Little Rd | State Hwy 14 W, SE | 1,783 | 2023 | 0.80 mi |
| State Highway 14 | State Hwy 14 W, SE | 1,881 | 2025 | 0.80 mi |
| State Hwy 14 W | Mop Rd, E | 2,654 | 2025 | 0.90 mi |
| State Hwy P | Wise Hill Rd, N | 3,667 | 2025 | 1.07 mi |
| MO K | Willard Rd, N | 3,400 | 2025 | 1.29 mi |
| State Highway 14 | Hwy N, E | 2,289 | 2025 | 2.82 mi |
| State Highway P | Honeysuckle Rd, SE | 3,274 | 2025 | 2.83 mi |
PROPERTY TAXES
| Parcel Number | 09-0.4-20-002-001-002.002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,370 |
PROPERTY TAXES
Parcel Number
09-0.4-20-002-001-002.002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,370
MAP
ADDITIONAL PHOTOS
Retail Aerial