Documents
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Attributes
Year Built | 2002 |
Lease Type | NN |
Current / Passing Rent |
|
Lease Expiration | 2031-01-31 |
Remaining Term | 8 years, 8 months |
Tenant | Dollar Tree Inc |
Building Area Net |
|
Land Area Net |
|
Occupancy | 100.0 % |
Call for Offers | 2021-11-24 |
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the leasehold interest in a freestanding Dollar Tree in Hazlet, NJ (the “Property”). Dollar Tree, a Fortune 200 company and leading operator of discount variety stores, recently extended their lease to 2031, showing a commitment to the location.
Investment Highlights
Long Term Tenure & Commitment to the Location:
- Rent Commencement: 1/15/2002
- Term extended to 2031 in 2021
Strong Brand Dominance in New Jersey:
- Dollar Tree is the preferred discount store retailer in the state of New Jersey and the greater northeast
Superregional Investment Opportunity:
- Situated along the Garden State Parkway, Monmouth County is a short drive from New York, Pennsylvania, or Delaware
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