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DOM: 154 Updated: 06.05.24 Posted: 11.15.23 Status: Sold 04.18.24

Summary

Price $1,357,150 $1,402,685
Built/Renov 2012
Tenant Family Dollar
Cap Rate 7.70% 7.45%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 8,000
Lease Start 09-10-2012
#Units 8,359
Price/SF $169.64 $175.34
Expiration 01-31-2033
Tenant Type Dollar/Discount
NOI $104,500
R. Term 7.8
Ownership Fee Simple
Rent/SF $13.06
Increases 10.0%/10/yrs
Pop 5Mi 4,649
Lot/AC 0.65
Options 4/5yrs/10%
AHHI 5Mi $85,590

Lease Highlights

  • Family Dollar has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental escalation at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease | Investment grade tenant

Location Description

Family Dollar is strategically located near the intersection of S Moapa Valley Blvd and E Alma Ave, with a combined traffic count of 5,400 vehicles passing by daily. The subject property ranks in the top 17% of all Family Dollar stores nationwide, according to Placer.Ai. Additionally, it is in close proximity to well-known national tenants such as TrueValue, Ace Hardware, Subway, McDonald's,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,548 3,100 4,906
2023 Total Population : 1,564 3,118 4,938
2023 Employed Civilian Pop : 609 1,315 2,038
2023 Total Businesses : 86 116 152
2023 Average Household Income : $ 73,905 $ 82,683 $ 85,290
2023 Total Consumer Spending : $ 42 M $ 86 M $ 130 M
2023 Median Age : 46 45 42
2023 Total Households : 643 1,180 1,750
2023 Pop Age 25+: Bachelor's Degree : 128 233 356
2023 Average Home Value : $ 204,119 $ 320,357 $ 426,133
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Main St Tres Lobos 2005 6,400 0.06 mi
South Moapa Valley Boulevard E Virginia 2022 5,450 0.15 mi
West Perkins Avenue S Andersen St 2022 300 0.38 mi
S Moapa Valley Blvd Scamp St 2018 1,050 0.40 mi
Scamp St 2022 70 0.44 mi
South Moapa Valley Boulevard Scamp Ave 2022 1,100 0.45 mi
South Whitmore Street Lyon 2022 290 0.56 mi
Moapa Valley Boulevard W Ingram Ave 2022 5,250 0.62 mi
North Whitmore Street W Shurtliff Ave 2021 340 0.86 mi
West Ingram Avenue Yamashita St 2022 70 0.93 mi

Listing Broker

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