Dollar Tree NNN Properties for Sale in Florida
Dollar Tree, Inc. (NASDAQ: DLTR) operates both Dollar Tree and Family Dollar brands, with approximately 16,000 combined US stores. Dollar Tree NNN properties often come in shopping center end-cap configurations rather than true freestanding buildings (unlike Dollar General). Freestanding Dollar Tree NNN properties are more rare but trade in the mid-cap range.
Typical Cap Rate
5.50% - 6.25%
Lease Term
10 - 15 years
Price Range
$1.5M - $4M
Building Size
10,000 - 15,000 SF
Lot Size
Often in-line / shared
Credit Rating
S&P: BBB-
Investment Highlights
- Investment-grade parent company (BBB-)
- Large US footprint across both Dollar Tree and Family Dollar
- 10-15 year lease terms
- NNN or near-NNN lease structures
- Counter-cyclical retail model
- Corporate guarantee from Dollar Tree, Inc.
Lease Structure
Dollar Tree leases are commonly NNN (not always absolute NNN — some have landlord roof/structure responsibility). 10-15 year initial terms with renewal options. Rent bump schedules vary. Freestanding Dollar Tree deals are rarer than Dollar General and often come as 'existing' deals rather than new BTS.
Dollar Tree Tenant Profile
Dollar Tree, Inc. operates under two main brands: Dollar Tree (everything $1.25 or $1.50) and Family Dollar (broader merchandise mix). The company has executed a significant strategic review in 2024-25 including closing underperforming stores and potentially divesting Family Dollar. Credit: S&P BBB- (investment grade). Annual revenue $30B+.
Dollar Tree in Florida
Florida has strong Dollar Tree and Family Dollar presence. Most properties come as in-line shopping center tenants or end-caps rather than freestanding NNN. When freestanding, they typically trade at 6-6.5% cap rates depending on lease term and location.
Why Buy Dollar Tree
- +Investment-grade corporate guarantee
- +Well-diversified parent company
- +Counter-cyclical retail business
- +Large US footprint supports re-leasing in case of vacancy
- +Good fit for investors wanting dollar store exposure beyond Dollar General
Considerations
- •Freestanding Dollar Tree NNN is rare — most are in-line
- •Recent strategic review could affect specific store performance
- •Some leases are double-net (NN) rather than absolute NNN
- •Family Dollar divestiture risk — verify tenant entity on lease
Related Dollar Store Tenants
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