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CHICAGO, IL, December 03, 2020 /24-7PressRelease/ -- B+E, the first brokerage and technology platform for net lease real estate, announced the listing of the Dollar Tree Stores/Goodwill property located at 1301-1309 W. Broadway, Centralia, IL for $2,631,000.
The property is +/- 32,342 square feet and sits on +/- 3.74 acres of land and is listed at an initial cap rate of 8%. There are approximately seven years remaining on the lease.
"This investment is corporately secured by strong operating tenants Dollar Tree Inc. and MERS Goodwill," said Sam Wilson with B+E. "Dollar Tree Inc. is the world's leading operator of $1 price-point department stores with 2019 revenues of $22 billion and MERS Goodwill operates under one of the largest U.S. nonprofit companies -- #14 according to Forbes -- with over $173 million in revenues for 2019."
Despite the ongoing COVID-19 pandemic, Dollar Tree saw revenue increase 9.4% in the second quarter of fiscal 2020 to $6.29 billion and same-store sales increase 7.2% overall.
The property is located within a dense retail trade area with notable tenants including Walmart, Big Lots, AutoZone, Schnucks and ALDI.
For more information, contact Sam Wilson at [email protected] or go to www.benetlease.com
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
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