FAMILY DOLLAR | BUCKEYE, ARIZONA

Purchase Price
$1,142,500
Location
709 Monroe Ave
Cap Rate
7.75%
Annual Rent
$88,562.52
Building Size
8,000 SF
Land Area
0.91 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
5 Years
LEASE EXPIRATION
06/30/2028
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
5.88% at Opt 1, 10% at Opt 2 & 3
Parking
34 Spaces
Year Built
2002
APN
400-25-092
Traffic Counts
10,736 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • 2002 Construction Build-to-Suit Family Dollar
  • Three (3) - Five (5) Year Option Periods
 

RECENT LEASE EXTENSION | 21+ YEAR OPERATING HISTORY:

  • Family Dollar Recently Extended the Lease for an Additional 5 Years Through June 30, 2028
  • Family Dollar Has Been Operating at this Location Since 2002
 

NN LEASE | UPGRADED CONSTRUCTION:

  • Upgraded Masonry Construction - No Metal Sides
  • Landlord Responsibilities Include: Roof, Parking Lot, Structure, Exterior Portions of the Building
  • Tenant Pays Property Taxes Directly to Taxing Authority
  • Tenant Reimburses Landlord in Full for Property Insurance
  • Tenant Responsible for Repair/Replacement of HVAC Units
 

STRONG STORE SALES (CONTACT AGENT FOR DETAILS):

  • Tenant Reports Store Sales Annually
  • Store Sales Have Increases Every Year Since 2014
  • Tenant is Currently Operating at a Rent to Sales Ratio of Less than 5%
 

EXPLOSIVE POPULATION GROWTH:

  • 1-Mile Annual Population Growth: 2.40% (12.00% Over the Next 5 Years)
  • 3-Mile Annual Population Growth: 2.19% (10.95% Over the Next 5 Years)
  • 5-Mile Annual Population Growth: 1.96% (9.80% Over the Next 5 Years)
  • 7-Mile Annual Population Growth: 1.97% (9.85% Over the Next 5 Years)
 

PROXIMITY FROM BUCKEYE, ARIZONA:

  • Surprise, AZ | 29 Miles
  • Phoenix, AZ | 35 Miles
  • Scottsdale, AZ | 46 Miles
  • Wickenburg, AZ | 58 Miles
  • Tucson, AZ | 147 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 9,057 Residents
  • 1-Mile Average Household Income = $70,879
  • 3-Mile Population = 25,798 Residents
  • 3-Mile Average Household Income = $84,778
  • 5-Mile Population = 40,741 Residents
  • 5-Mile Average Household Income = $92,129
  • 7-Mile Population = 63,250 Residents
  • 7-Mile Average Household Income = $97,750
 

TENANT:

  • Dollar Tree, Inc. (NASDAQ: "DLTR")
  • Investment Grade Credit Rating of "BBB-" by Standard & Poor's
  • 16,476 Stores as of July 29, 2023
  • Ranked #137 on the Fortune 500 List

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