320 200Myton, UT 84052

This exceptional investment opportunity presents a brand-new, 10,500-square-foot Family Dollar Tree retail property in Myton, Utah. Located at 320 W 200 N, 84052, this single-tenant, net lease (NN+) property boasts a 100% occupancy rate with a strong corporate guarantee from Dollar Tree, a credit-rated company. The lease commenced May 30, 2024, and extends until May 31, 2034, offering a substantial remaining lease term of 9.8 years. The property features five, five-year lease options with rent increases of $5,250 per option, reflecting a $.50 per square foot increase. The current Net Operating Income (NOI) stands at $135,030, yielding an attractive 7.00% cap rate on the asking price of $1,929,000. Built in 2024, this build-to-suit property includes a 20-year transferable roof warranty. Situated approximately 120 miles east of Salt Lake City, this property represents a rare single-tenant net lease (STNL) opportunity in Utah. The combined Family Dollar Tree store model demonstrates a proven 20% higher sales volume compared to non-branded stores. Dollar Tree, having acquired Family Dollar in 2015, is the second-largest discount retailer in the US, operating over 16,000 locations. The company's financial strength and resilience, evidenced by increased same-store sales and profitability during the COVID-19 pandemic, further solidify this investment's appeal.