FAMILY DOLLAR | TUCSON, ARIZONA

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
Three (3) - Five (5) Year
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

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