FAMILY DOLLAR | ELOY, ARIZONA
INVESTMENT SUMMARY
Purchase Price
$755,256
Location
11 N Santa Cruz Ave
Cap Rate
7.00%
Annual Rent
$52,867.92
Building Size
8,000 SF
Land Area
0.68 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
2.25 Years
LEASE EXPIRATION
06/30/2025
Renewal Options
RENT INCREASES
5% at Options
Parking
33 Spaces
Year Built
2001
APN
411-05-082A7
Traffic Counts
3,949 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE LEASE:
- 2001 Construction Build-to-Suit Family Dollar
- 2.25 Years Remaining in the Lease Term
- Two (2) - Five (5) Year Option Periods with 5% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Tenant Pays Property Taxes Directly to Taxing Authority
LONG TERM OPERATING HISTORY | PERCENTAGE RENT:
- Family Dollar Has Been Operating at this Location for 20+ Years
- Family Dollar Reports Store Sales Annually and Pays Percentage Rent
PROXIMITY FROM ELOY:
- Casa Grande, AZ | 18 Miles
- Marana, AZ | 31 Miles
- Tucson, AZ | 50 Miles
- Phoenix, AZ | 64 Miles
- Scottsdale, AZ | 66 Miles
- Surprise, AZ | 93 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 3,829 Residents | $50,244 Average Household Income
- 3-Mile: 5,380 Residents | $46,369 Average Household Income
- 5-Mile: 12,737 Residents | $55,499 Average Household Income
- 7-Mile: 21,758 Residents | $57,130 Average Household Income
CONSISTENT POPULATION GROWTH:
- 1-Mile: 2.77% Annually | 13.85% Projected Growth Over the Next 5 Years
- 3-Mile: 2.75% Annually | 13.75% Projected Growth Over the Next 5 Years
- 5-Mile: 1.88% Annually | 9.40% Projected Growth Over the Next 5 Years
- 7-Mile: 2.13% Annually | 10.65% Projected Growth Over the Next 5 Years
TENANT:
- Strong Corporate Guaranty (NASDAQ: "DLTR") - Dollar Tree Inc. Is Rated "BBB" by Standard & Poor's
- 16,293 Stores as of October 29, 2022
- Ranked #137 on the Fortune 500 List