1500 Main St Lebanon, TN 37087

This exceptional investment opportunity presents a freestanding, single-tenant Dollar Tree store in Lebanon, Tennessee. The property boasts a newly renovated 13,824 square foot building situated on a 1.6-acre lot with ample parking (70 spaces). Secured by a corporate guarantee from Dollar Tree Stores, Inc. (NASDAQ: DLTR), this net-leased investment features a 10-year lease commencing January 23, 2023, and expiring January 31, 2033, with a remaining term of approximately 8.2 years. The lease includes rent bumps of $0.50 per square foot every five years. The property enjoys a prime location at a signalized intersection within a thriving retail corridor in a rapidly growing area, experiencing a 6.65% annual population growth rate. The property's strong performance is reflected in the current NOI of $283,392 and a 7.00% cap rate. Built in 2003 and renovated in 2023, this property is zoned B4 and offers a compelling investment opportunity with a strong tenant and significant upside potential. The asking price is $4,050,000, translating to a price per square foot of $292.97. The lease includes two 5-year renewal options. This is a fee simple ownership opportunity.