Purchase Price | $1,870,000 |
---|---|
Annual Rental Income | $129,800 |
Cap Rate | 6.94% |
Lease Term | 11 Years |
City | Somerset |
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Dollar Tree – Somerset, KY
This property is occupied by Dollar Tree, a leading national discount retail chain with thousands of stores across the United States. Dollar Tree is renowned for its fixed-price strategy, offering a wide selection of everyday essentials at affordable prices, which drives consistent customer traffic and repeat visits.
In Somerset, Dollar Tree serves a diverse customer base that includes families, seniors, and budget-conscious shoppers. The brand’s model is well-suited to the local economic and demographic profile, offering products such as household goods, cleaning supplies, food and snacks, health and beauty items, party and seasonal decor, craft supplies, and frozen/refrigerated groceries.
Dollar Tree’s efficient, no-frills retail format, combined with its national brand recognition and strong credit profile, supports stable operations even in smaller regional markets like Somerset. As an essential necessities-based retailer, Dollar Tree tends to exhibit resilient performance, regardless of economic cycles.
This location exemplifies Dollar Tree’s strategy of providing accessible, affordable retail options to local communities. The tenant’s reliable revenue model and recession-resistant business further strengthen any commercial real estate portfolio.