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Dollar Tree | 8.25% Return on IG Credit 715 Everly Brothers blvd 12,500 SF 100% Leased Retail Building Greenville, KY 42345 $2,079,546 CAD ($166.36 CAD/SF) 8.25% Cap Rate


Executive Summary
LOW RENT & PRICE POINT WITH ATTRACTIVE 8.25% RETURN
This Dollar Tree has a lower rent & price point of $1.4M and an attractive 8.25% return on investment grade credit.
INVESTMENT GRADE TENANT
• Dollar Tree is a publicly traded (NASDAQ: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
• The company operates more than 9,000 Dollar Tree stores across the United States and Canada, making it one of North America’s largest discount retailers.
NEWLY RENOVATED DOLLAR TREE
• The subject property is a newly renovated 12,500 SF Dollar Tree. The store is open and rent commenced in July 2025.
• The roof was replaced in 2020.
10-YEAR CORPORATE LEASE
• Dollar Tree signed a new 10-year corporate guaranteed NN Lease.
• Tenant is responsible for routine maintenance and repairs of parking lot including resealing, resurfacing, restriping, and sweeping, HVAC, landscaping maintenance, taxes, Insurance, utilities.
• There are limited Landlord responsibilities which include roof, structure and parking lot replacement.
• The rent increases by $.50/SF every 5 years in each of the four, 5-year option periods.
POSITIONED ON HIGHWAY 189 (12,436 VPD) IN GREENVILLE, KY
• The subject property is located on Highway 189 that supports 12,436 vehicles per day.
• Nearby National Retailers include Kroger, a Walmart Super Center, Tractor Supply, McDonalds, and more.
• This Dollar Tree is surrounded by multiple schools with a total of 2,582 students and 163 faculty members.
• Greenville is the county seat of Muhlenberg County, serving as the primary commercial, healthcare, and governmental hub for the surrounding rural trade area.
• Located approximately 35 miles south of Owensboro and 70 miles northwest of Bowling Green, providing convenient access to major regional markets.
This Dollar Tree has a lower rent & price point of $1.4M and an attractive 8.25% return on investment grade credit.
INVESTMENT GRADE TENANT
• Dollar Tree is a publicly traded (NASDAQ: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
• The company operates more than 9,000 Dollar Tree stores across the United States and Canada, making it one of North America’s largest discount retailers.
NEWLY RENOVATED DOLLAR TREE
• The subject property is a newly renovated 12,500 SF Dollar Tree. The store is open and rent commenced in July 2025.
• The roof was replaced in 2020.
10-YEAR CORPORATE LEASE
• Dollar Tree signed a new 10-year corporate guaranteed NN Lease.
• Tenant is responsible for routine maintenance and repairs of parking lot including resealing, resurfacing, restriping, and sweeping, HVAC, landscaping maintenance, taxes, Insurance, utilities.
• There are limited Landlord responsibilities which include roof, structure and parking lot replacement.
• The rent increases by $.50/SF every 5 years in each of the four, 5-year option periods.
POSITIONED ON HIGHWAY 189 (12,436 VPD) IN GREENVILLE, KY
• The subject property is located on Highway 189 that supports 12,436 vehicles per day.
• Nearby National Retailers include Kroger, a Walmart Super Center, Tractor Supply, McDonalds, and more.
• This Dollar Tree is surrounded by multiple schools with a total of 2,582 students and 163 faculty members.
• Greenville is the county seat of Muhlenberg County, serving as the primary commercial, healthcare, and governmental hub for the surrounding rural trade area.
• Located approximately 35 miles south of Owensboro and 70 miles northwest of Bowling Green, providing convenient access to major regional markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
12,500 SF
Year Built
2025
Price
$2,079,546 CAD
Price Per SF
$166.36 CAD
Cap Rate
8.25%
NOI
$171,478 CAD
Percent Leased
100%
Building Height
1 Story
Opportunity Zone
Yes
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 108-04-05-006.001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,477,350 CAD |
Property Taxes
Parcel Number
108-04-05-006.001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,477,350 CAD
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Dollar Tree | 8.25% Return on IG Credit | 715 Everly Brothers blvd
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