FAMILY DOLLAR | MESA, ARIZONA

Purchase Price
$2,335,000
Location
865 S Dobson Rd
Cap Rate
6.72%
Annual Rent
$160,928.04
Building Size
9,180 SF
Land Area
1.29 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
5.25 Years
LEASE EXPIRATION
06/30/2029
Renewal Options
Six (6) - Five (5) Year
RENT INCREASES
CPI Every 3 Years (6% Max)
Parking
30 Spaces
Year Built
2016
APN
134-27-807 & 134-27-003-S
Traffic Counts
28,675 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • 2016 Construction - 9,180 SF
  • Approximately 5.25 Years Remaining in the Initial 15 Year Lease Term
  • Six (6) - Five (5) Year Option Periods
 

ABSOLUTE NNN LEASE | A TRUE COUPON CLIPPER:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
 

RARE LEASE STRUCTURE:

  • CPI-Based Rental Increases Every 3 Years During Initial Lease Term and Option Periods
  • Next Rental Increase Dates = July 2025 & July 2028
 

LOCATION:

  • Located at 3-Way Intersection at the Corner of S. Dobson Rd & W. Emelita Ave
  • Traffic Counts of Approximately 28,675 Vehicles Per Day
  • 2 Points of Ingress & Egress (S. Dobson Rd & W. Emelita Ave)
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 23,200 Residents
  • 1-Mile Annual Population Growth = 1.52%
  • 1-Mile Average Household Income = $76,706
  • 3-Mile Population = 167,392 Residents
  • 3-Mile Annual Population Growth = 1.76%
  • 3-Mile Average Household Income = $93,669
  • 5-Mile Population = 393,787 Residents
  • 5-Mile Annual Population Growth = 1.54%
  • 5-Mile Average Household Income = $99,061
 

PROXIMITY FROM MESA, ARIZONA:

  • Tempe, AZ | 5 Miles
  • Scottsdale, AZ | 9 Miles
  • Phoenix, AZ | 14 Miles
  • Tucson, AZ | 108 Miles
 

TENANT:

  • Strong Corporate Guaranty (NASDAQ: “DLTR”) - Dollar Tree, Inc. Is Rated “BBB-” by Standard & Poor’s
  • 16,774 Stores as of February 3, 2024
  • Ranked #137 on the Fortune 500 List
  • In 2023, Consolidated Net Sales Increased 8.0% to $30.6 Billion
  • In 2023, Family Dollar's Same-Store Net Sales Increased 3.2%

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