For Sale
$1,732,166

1120 2 St Upton, WY 82730

Family Dollar/Dollar Tree, 7.85% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a brand-new, 10,500-square-foot Family Dollar/Dollar Tree retail property in Upton, Wyoming. Built in 2024, this single-tenant, fee-simple property boasts a 10-year net lease with a corporate guarantee from Dollar Tree, a highly rated (BBB) and financially stable company. The lease commenced March 21, 2024, and expires March 31, 2034, with five, 5-year renewal options, each including a $5,250 rent increase ($0.50 per square foot). The property sits on a two-acre lot and enjoys 100% occupancy, generating a strong net operating income (NOI) of $135,975, resulting in a compelling 7.85% capitalization rate. The asking price is $1,732,166. This is a first-to-market location in Upton, with no direct competition from Dollar General or Walmart, serving a community with an average household income of $122,295. The property includes a transferable 20-year roof warranty. The combination Family Dollar/Dollar Tree store format demonstrates a 20% higher sales volume than single-branded stores. Wyoming's income tax-free status further enhances the investment's attractiveness. This is a rare opportunity to acquire a high-performing, low-risk retail investment in a strong market.

Highlights

  • Family Dollar/Dollar Tree combo store boasts 20% higher sales than single-branded locations.
  • Dollar Tree (owner of Family Dollar) is the second-largest discount retailer in the US with over 16,000 stores.
  • Investment-grade credit rating (BBB) for Dollar Tree.
  • Family Dollar experienced significant same-store sales growth and increased profitability during the COVID-19 pandemic.

Property Details for 1120 2 St

Property type
Retail properties, Retail space
Square Feet
10,500 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
87,120 SF
Units
1

Location Insight

City
Upton
County
Weston
State
Wyoming
Latitude
44.096051189811
Longitude
-104.62115140231

FAQs

What type of property is this?
Retail property - Family Dollar/Dollar Tree, 7.85% Cap Rate
Where is the retail property located?
The property is located at 1120 2 St Upton, WY.
What is the asking price?
The asking price for this property is $1,732,166.
What are key features of this property?
This property features: Family Dollar/Dollar Tree combo store boasts 20% higher sales than single-branded locations.; Dollar Tree (owner of Family Dollar) is the second-largest discount retailer in the US with over 16,000 stores.; Investment-grade credit rating (BBB) for Dollar Tree.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1120 2 St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message