For Sale: Dollar Tree | Harvest, AL | 10,000± SF

Colliers is pleased to offer qualified investors the opportunity to acquire a brand-new construction Dollar Tree with a fresh ten (10) year lease term in one of the most highly sought-after markets in the nation, the Huntsville, AL MSA. The subject property was developed in 2024 and benefits from new, 10 year-lease with Dollar Tree, INC. Dollar Tree has an investment grade credit rating of BBB by S&P and is publicly traded on NASDAQ under the ticker DLTR. In total, Dollar Tree has 16,774 +/- stores. Ranked 137 on the Forbes list, Dollar Tree employs over 200,000 people with stores across 48 states and five Canadian provinces. Dollar Tree has seen significant success by offering items at low prices, generally 20 to 40% below traditional grocery and drug stores. This concept is critical in the current high inflation environment. Several large institutional wealth managers have recently taken a significant stock position in Dollar Tree, displaying strong confidence in continued success.

The subject property benefits from being located within the Huntsville, AL MSA and, more specifically, the fastest-growing county in the state, Limestone County. Toyota Mazda manufacturing calls Limestone County home, as they opened a $2B +/- plant there in 2021. The plant provides over 4,000 jobs, with a spin-off effect of 16,000. In 2023, the plant achieved record production, assembling more than 777,000 engines for Toyota vehicles manufactured in North America. This totals about one-third of Toyota’s engines in the US. Furthermore, Polaris also calls Limestone County home, with 2,500 employees at their production facility. Other major employers include Target, Amazon, Athens Limestone Hospital, and others.

Approximately ten people flock to the county daily, and it’s now home to 114,654+ people. Furthermore, growth within a 3-mile radius of the subject property has been an astounding 127% from 2000 to 2023.

Harvest / Athens, Limestone County, is within a short thirty-minute drive to Huntsville, one of the fastest-growing cities in the United States. In 2022 and 2023, U.S. News & World Report ranked Huntsville the No. 1 ‘Best Place to Live’. Approximately 35,000 jobs have been added in Huntsville over the past seven years. Additionally, Huntsville recently surpassed Birmingham to claim the title of the largest city in Alabama. Furthermore, Huntsville is ranked within the top five cities in the US for job growth in a smartasset study. More than 1.2 million reside in the Huntsville metro area. The Wall Street Journal says, “future of tech is in three cities, including Huntsville.” Huntsville is home to NASA’s Marshall Space Flight Center, Missile Defense Agency, Army Space and Rocket Command, Army Contracting Command, Army Test Helicopter Command, and the FBI’s $1B alternate HQ site, soon to grow to 4,000 personnel.