320 200Myton, UT 84052

Property Details for 320 200

Year built

2024

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Myton

County

Duchesne

State

Utah

Latitude

40.1967

Longitude

-110.07

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