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101 Sam Walton Way

Welsh Irrevocable Trust Renews Rick Dreiling - Dollar Tree Lease In Terrell
LEASEDRetail

Welsh Irrevocable Trust Renews Rick Dreiling - Dollar Tree Lease In Terrell

101 Sam Walton Way

Building Size

8,000 SF

Asset Type

Retail

Closing

Mar 18, 2024

AI

The retail property located at 101 Sam Walton Way in Terrell spans 8,000 square feet and is part of the Terrell Corners Shopping Center. It serves as the home of Dollar Tree Stores Inc., with Rick Dreiling as the tenant. The landlord of this asset is the Welsh Irrevocable Trust.

Summary of transation details:

Bradford Commercial Real Estate Services facilitated a long-term lease renewal for Dollar Tree Stores Inc., marking the anchor tenant's 16th year at Terrell Corners Shopping Center. Paul Richter and Tammy Salas, representing the Welsh Irrevocable Trust, played crucial roles in securing Dollar Tree's early lease extension, underscoring the strategic location of the project and the effective property management provided by Bradford.

Players

Paul Richter

Bradford Commercial Real Estate Services

Broker

2 deals

Broker

Terrell Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93