FAMILY DOLLAR | WILLIAMS, ARIZONA
INVESTMENT SUMMARY
Purchase Price
$1,133,120
Location
901 W Rte 66
Cap Rate
7.50%
Annual Rent
$84,984.36
Building Size
8,050 SF
Land Area
0.55 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
3+ Years
LEASE EXPIRATION
12/31/2027
Renewal Options
RENT INCREASES
10% in Option
Parking
26 Spaces
Year Built
2002
APN
5307-55-34-4649
Traffic Counts
9,216 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE LEASE:
- 3+ Years Remaining in the Existing Term (Lease Exp: 12/31/2027)
- One (1) - Five (5) Year Option at 10% Rental Increase
20+ YEAR OPERATING HISTORY:
- Family Dollar Has Operated at this Location Since 2002
- Tenant Has Exercised the First Three Option Periods at 10% Rental Increase with No Landlord Concessions
NN+ LEASE:
- Landlord Responsibilities Limited to Structural Portions of the Building, Roof, Parking, Services & Access Areas
- Tenant is Responsible for Maintenance and Repair/Replacement of HVAC Units
- Tenant is Responsible for Restriping of the Parking Areas & Tenant is Responsible for Removal of Snow, Ice, Trash, Weeds and Debris
- Tenant Pays Property Taxes Directly to the Taxing Authority
SALES REPORTING ANNUALLY:
- Tenant Required to Report Store Sales Annually (Contact Agent for Details)
- 2023 Rent to Sales Ratio = 6.04% | Store Sales Have Increased Year over Year Since 2020
PROXIMITY FROM WILLIAMS, ARIZONA:
- Flagstaff, AZ | 33 Miles
- Sedona, AZ | 59 Miles
- Grand Canyon | 59 Miles
- Prescott, AZ | 69 Miles
- Wickenburg, AZ | 128 Miles
- Phoenix, AZ | 162 Miles
- Las Vegas, NV | 220 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 2,090 Residents | $81,482 Average Household Income
- 3-Mile: 3,470 Residents | $80,749 Average Household Income
- 5-Mile: 3,669 Residents | $81,330 Average Household Income
- 7-Mile: 4,201 Residents | $83,566 Average Household Income
WILLIAMS, AZ | GATEWAY TO GRAND CANYON NATIONAL PARK:
- Located in the Heart of the Kaibab National Forest
- Williams Was the Last Town on Historic Route 66 to be Bypassed by Interstate 40
- Williams Showcases the Most Well-Preserved Stretch of Route 66 & Historical Railway Access to the South Rim of the Grand Canyon
GRAND CANYON RAILWAY - 0.8 MILES FROM SUBJECT PROPERTY:
- Transporting Passengers to the Grand Canyon Since 1901
- Historic Train Makes a 2.5 Hour Journey from Williams to the South Rim of the Grand Canyon
- Shuttles 200,000+ Visitors Annually from Williams
BEARIZONA WILDLIFE PARK - 2.7 MILES FROM SUBJECT PROPERTY:
- 160-Acre Drive-Through Wildlife Park
- Receives Over 400,000 Annual Visitors
TENANT:
- Strong Corporate Guaranty (NASDAQ: "DLTR") - Dollar Tree, Inc. Is Rated "BBB-" by Standard & Poor's
- 16,388 Stores as of August 3, 2024
- Ranked #137 on the Fortune 500 List