Minimal Landlord Responsibilities: This NN+ lease structure offers a highly passive investment with minimal landlord obligations
Investment Grade Tenant: The lease is guaranteed by Dollar Tree Stores, Inc., which holds an S&P investment-grade credit rating of BBB
Corporate Lease: Dollar Tree operates over 9,000 locations across 48 U.S. states and 5 Canadian provinces, with 2024 net sales exceeding $17 billion
Strong Lease Term: Approximately 6.75 years remain on the initial lease term, with an additional 20 years available through option periods, providing long-term investment security
Interstate Access: Strategically located just ±0.6 miles from I-95, the property offers excellent market exposure and convenient access
Strong Retail Corridor: Positioned adjacent to Bradford Village Shopping Center, a Food Lion anchored strip mall that serves as the primary retail hub of Santee
High Growth Market: Santee’s population is rapidly growing due to its proximity to major employers like Volvo and Boeing, with projected population growth of 200% within a 5-mile radius over the next five years
Top Recreation Destination: Home to world-class golf courses and Lake Marion, South Carolina’s premier freshwater fishing destination, Santee draws over 100,000 recreational visitors annually