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DOM: 159 Updated: 07.10.23 Posted: 04.21.23 Status: Sold     09.27.23

Summary

Price $1,025,000 $1,060,000
Built/Renov 2008
Tenant Family Dollar
Cap Rate 7.24% 7.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,180
Lease Start 07-01-2007
#Units 8,206
Price/SF $111.66 $115.47
Expiration 12-31-2028
Tenant Type Dollar/Discount
NOI $74,223
R. Term 3.6
Ownership Fee Simple
Rent/SF $8.09
Increases 5.0%/5/yrs
Pop 5Mi 698
Lot/AC 1.20
Options 5/5yrs/5%
AHHI 5Mi $26,521

Highlights

  • Family Dollar has operated at this location since 2007
  • Tenant has over 5 years remaining in the current term and 5 (5-year) options to extend
  • Lease features 5% rent increases at the beginning of each option (next increase in Jan 2029)
  • Favorable NN+ | Landlord responsible for roof & structure
  • Corporate guarantee by Family Dollar, Inc, subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR)
  • Family Dollar is an investment grade tenant (S&P: BBB)

Location Description

The subject property is well positioned along Highway 191, one of the main thoroughfares of Sanders, Arizona. It is located immediately off Interstate 40 (20,500 VPD), a major connector with direct access to Flagstaff to the West and Albuquerque to the East. The site is down the road from a Silica Sand Plant, which generates numerous jobs in the area and adjacent to the Navajo Nation...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Family Dollar
  • Guarantor:Corp T and Rated
  • Company:Dollar Tree, Inc.
  • # Units:8,206
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock:NASDAQ: DLTR

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...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 191 I- 40 2021 240 0.43 mi
US 191 Hwy 191 2021 2,697 0.43 mi
I- 40 2021 914 0.44 mi
I-40 Exit 339 C-Ramp Hwy 191 2020 722 0.51 mi
Hwy 191 2021 864 0.51 mi
Purple Heart Trail Pinon Cir 2021 24,456 0.71 mi
I-40 United States Hwy 666 2002 13,401 1.38 mi
I- 40 2021 213 2.32 mi
Ortega Rd 2021 410 2.36 mi
I-40 Exit 341 J-Ramp I- 40 2020 343 2.36 mi

Listing Broker

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