FAMILY DOLLAR | TUCSON, ARIZONA
![](https://schuchert.com/wp-content/uploads/2019/05/FD-Tucson-AZ-Tenant-Map-ReSized.jpg)
![](https://schuchert.com/wp-content/uploads/2019/05/Tucson-AZ-01-2.jpg)
![](https://schuchert.com/wp-content/uploads/2019/05/FD-Tucson-AZ-Regional-Map-ReSized-2.jpg)
INVESTMENT SUMMARY
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Purchase-Price.png)
Purchase Price
$1,300,000
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Location.png)
Location
5530 S. 12th Avenue
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Cap-Rate.png)
Cap Rate
7.37%
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Annual-Rent.png)
Annual Rent
$95,810.04
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Building-Size.png)
Building Size
9,180 SF
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Land-Area.png)
Land Area
0.97 Acres (42,253 sf)
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Ownership.png)
Ownership
Fee Simple
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Lease-type.png)
Lease Type
Absolute NNN
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Term-Remaining.png)
Term Remainning
5 Years
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Lease-Expiration.png)
LEASE EXPIRATION
12/31/2024
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Renewl-Options.png)
Renewal Options
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Rent-Incerase.png)
RENT INCREASES
10% at Options
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Parking.png)
Parking
48 Spaces
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Year-Built.png)
Year Built
2004
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/APN.png)
APN
137-10-503A
![](https://schuchert.com/wp-content/themes/bb-theme-child/listing-icons/icons/Traffic-Counts.png)
Traffic Counts
17,031 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE GUARANTEED LEASE:
- Approximately 5 Years Remaining in the Current Lease Term
- Tenant Recently Exercised First Option at 10% Increase in Rent - Signifying Their Commitment to this Location
- 2004 Construction - 9,180 SF
- Three (3) - Five (5) Year Options at 10% Rent Increases
RARE ABSOLUTE NNN LEASE STRUCTURE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
RARE CORPORATE GUARANTEE - FAMILY DOLLAR STORES, INC.:
- Lease is Guaranteed by Family Dollar Stores, Inc.
- New Family Dollar Leases are Typically Guaranteed by a Subsidiary of Family Dollar Stores, Inc.
LOCATION:
- Strategically Located Along S. 12th Avenue - Boasting Traffic Counts in Excess of 17,031 Vehicles per Day
- Located Less than 4.5 Miles (10 Minute Drive) from Tucson International Airport - Services 3.4 Million + Passengers and Serves 20 Destination Airport Nonstop
- Located Less than 1 Mile from Apollo Middle School (608 Students) and Liberty Elementary School (724 Students)
- Tucson is Home to the University of Arizona - 35,801 Undergraduate Students and 10,117 Graduate Students (Total Enrollment of 45,918)
TENANT:
- Dollar Tree, Inc. (NASDAQ: DLTR) Features Investment Grade Credit (BBB-) by Standard & Poor’s
- 15,262 Stores in 48 States as of November 2019
- Ranked #135 on the Fortune 500 List