FAMILY DOLLAR | BUCKEYE, ARIZONA
INVESTMENT SUMMARY
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
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