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
About this deal
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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 101 Sam Walton Way
- Market: Terrell
- Tenant: Rick Dreiling - Dollar Tree Stores Inc.
- Landlord: Welsh Irrevocable Trust
- Brokers: Paul Richter & Tammy Salas - Bradford Commercial Real Estate Services
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.
On the Map
Retail
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Players
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