Dec 27, 2021

Blue West Capital Arranges Sale of Four-Property Dollar Store Portfolio in Nebraska & Iowa

OMAHA, NE – [December 27, 2021] – Blue West Capital has completed the sale of a four-property portfolio of dollar stores in Nebraska and Iowa for $3,404,100. The portfolio consisted of the following properties:

  1. Family Dollar – 1725 S. 13th Street, Omaha, NE 68108
  2. Family Dollar – 2930 Sprague Street, Omaha, NE 68111
  3. Dollar Tree – 2615 Lincoln Way, Clinton, IA 52732
  4. Dollar Tree – 626 9th Street, Burlington, IA 52601

Zach Wright, of Blue West Capital, represented the purchaser. The purchaser was a repeat Denver-based investor in a 1031 exchange. The seller was a California-based investor.

All four Dollar Tree & Family Dollar locations have established track records and proven operating histories. All the buildings have operated as dollar stores since 2012 or earlier, and most locations are into their option periods. The four buildings total 41,409 square feet.

In July 2015, Dollar Tree completed its acquisition of Family Dollar. The company operates over 15,000 stores and is publicly traded (NASDAQ: DLTR) with a market capitalization of approximately $30 billion. The company is investment grade rated with a Standard & Poor’s rating of BBB.

“Demand for dollar store properties has been immense in 2021 with cap rates presently at historic lows. Some yield-seeking investors have found opportunities by acquiring older stores with shorter-term leases,” stated Zach Wright, Director and Partner.

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