FAMILY DOLLAR | TUCSON, ARIZONA
INVESTMENT SUMMARY
Purchase Price
$1,300,000
Location
5530 S. 12th Avenue
Cap Rate
7.37%
Annual Rent
$95,810.04
Building Size
9,180 SF
Land Area
0.97 Acres (42,253 sf)
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
5 Years
LEASE EXPIRATION
12/31/2024
Renewal Options
RENT INCREASES
10% at Options
Parking
48 Spaces
Year Built
2004
APN
137-10-503A
Traffic Counts
17,031 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE GUARANTEED LEASE:
- Approximately 5 Years Remaining in the Current Lease Term
- Tenant Recently Exercised First Option at 10% Increase in Rent - Signifying Their Commitment to this Location
- 2004 Construction - 9,180 SF
- Three (3) - Five (5) Year Options at 10% Rent Increases
RARE ABSOLUTE NNN LEASE STRUCTURE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
RARE CORPORATE GUARANTEE - FAMILY DOLLAR STORES, INC.:
- Lease is Guaranteed by Family Dollar Stores, Inc.
- New Family Dollar Leases are Typically Guaranteed by a Subsidiary of Family Dollar Stores, Inc.
LOCATION:
- Strategically Located Along S. 12th Avenue - Boasting Traffic Counts in Excess of 17,031 Vehicles per Day
- Located Less than 4.5 Miles (10 Minute Drive) from Tucson International Airport - Services 3.4 Million + Passengers and Serves 20 Destination Airport Nonstop
- Located Less than 1 Mile from Apollo Middle School (608 Students) and Liberty Elementary School (724 Students)
- Tucson is Home to the University of Arizona - 35,801 Undergraduate Students and 10,117 Graduate Students (Total Enrollment of 45,918)
TENANT:
- Dollar Tree, Inc. (NASDAQ: DLTR) Features Investment Grade Credit (BBB-) by Standard & Poor’s
- 15,262 Stores in 48 States as of November 2019
- Ranked #135 on the Fortune 500 List