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263 S Weber Rd
Romeoville, IL 60446
Dollar Tree · Retail Property For Sale
Investment Highlights
- Dollar Tree (NASDAQ: DLTR) carries an investment grade credit rating of BBB (S&P) providing a strong financial backing.
- Dollar Tree is in their final option period, providing an opportunity for a new landlord to negotiate a long term extension with the tenant.
- Romeoville is located in Chicago’s southwest suburban area and has over 55k residents earning an average household income of $100,000 within 3 miles.
Executive Summary
Investment Grade Credit: Dollar Tree (NASDAQ: DLTR) carries an investment grade credit rating of BBB (S&P) providing a strong financial backing.
Affluent Chicago MSA Location: Romeoville is located in Chicago’s southwest suburban area and has over 55,000 residents earning an average household income of $100,000 within 3 miles.
Long Term History: The store was originally developed as a build-to-suit for Dollar Tree in 2011 with an initial lease term of 5 years. They have exercised three consecutive lease extensions, demonstrating their commitment to the location and customer base.
No Remaining Options: Dollar Tree is in their final option period, providing an opportunity for a new landlord to negotiate a long term extension with the tenant in the near term.
Retail Synergy: The immediate area is anchored by Walmart Supercenter, Blaines Farm & Fleet, and Kohls, with other national retailers including Chipotle, T.J. Maxx, Petco, Five Below, Ross Dress for Less, Chase, and Aldi.
Development Momentum: Recent announcements include a new 12,000 SF La Hacienda grocery store, multiple QSRs like 7 Brew Coffee and Hawaiian Bros, and a new TownePlace Suites by Marriott opening near I-55.
Affluent Chicago MSA Location: Romeoville is located in Chicago’s southwest suburban area and has over 55,000 residents earning an average household income of $100,000 within 3 miles.
Long Term History: The store was originally developed as a build-to-suit for Dollar Tree in 2011 with an initial lease term of 5 years. They have exercised three consecutive lease extensions, demonstrating their commitment to the location and customer base.
No Remaining Options: Dollar Tree is in their final option period, providing an opportunity for a new landlord to negotiate a long term extension with the tenant in the near term.
Retail Synergy: The immediate area is anchored by Walmart Supercenter, Blaines Farm & Fleet, and Kohls, with other national retailers including Chipotle, T.J. Maxx, Petco, Five Below, Ross Dress for Less, Chase, and Aldi.
Development Momentum: Recent announcements include a new 12,000 SF La Hacienda grocery store, multiple QSRs like 7 Brew Coffee and Hawaiian Bros, and a new TownePlace Suites by Marriott opening near I-55.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2011
Price
$2,249,910 CAD
Price Per SF
$224.99 CAD
Cap Rate
8%
NOI
$180,083 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.00 AC
Property Taxes
| Parcel Number | 11-04-08-304-014 | Improvements Assessment | $555,238 CAD |
| Land Assessment | $447,165 CAD | Total Assessment | $1,002,403 CAD |
Property Taxes
Parcel Number
11-04-08-304-014
Land Assessment
$447,165 CAD
Improvements Assessment
$555,238 CAD
Total Assessment
$1,002,403 CAD
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