FAMILY DOLLAR | ELOY, ARIZONA

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
Two (2) - Five (5) Year
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

contact us

  • Hidden