Family Dollar | Dollar Tree

615 West Hopi Drive, Holbrook, AZ 86025

$1,890,000

Cap Rate 7.50%

$2,054,348

Cap Rate 6.90%

Updated: 04.17.24 Posted: 10.28.22 Status: Sold

Summary

Price $1,890,000 $2,054,348	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.50% 6.90%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 02-01-2023	#Units 1,200
Price/SF $180.00 $195.65	Expiration 01-31-2033	Tenant Type Dollar/Discount
NOI $141,750	R. Term 7.8	Ownership Fee Simple
Rent/SF $13.50	Increases 0.0%/5/yrs	Pop 5Mi 5,026
Lot/AC 1.42	Options 3/5yrs	AHHI 5Mi $61,027

Lease Highlights

Tenant has 8+ years remaining in their new initial lease term with 3 (5-year) options to extend
The lease features $0.50/SF rental increases every 5 years beginning in lease year 5 and throughout options to extend
Corporate guaranteed lease (NASDAQ: DLTR)
Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is positioned is positioned just off W Hopi Drive, a primary thoroughfare in Holbrook, Arizona. Tenants in the area include Safeway, Dairy Queen, Little Caesars Pizza, Burger King, Circle K, Taco Bell, and others. The property is surrounded by multiple public education institutions such as Holbrook Junior High School (390+ students), Holbrook High School (646+...

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Key Features

New construction
New prototype
Strategically located
Freeway close
Strong tenant synergy
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Family Dollar Wikipedia Holbrook, Arizona Zip Code 86025 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Dollar Tree (NASDAQ: DLTR) is the leading operator of discount variety stores offering merchandise predominantly at the fixed price of $1.25. Founded in 1953, by K.R. Perry, the chain originated...

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Demographics

	1 Miles	3 Miles	5 Miles
2027 Total Population :	2,396	4,898	5,008
2022 Total Population :	2,424	4,916	5,026
2022 Employed Civilian Pop :	1,085	2,172	2,204
2022 Total Businesses :	147	269	284
2022 Average Household Income :	$ 57,475	$ 60,881	$ 61,027
2022 Total Consumer Spending :	$ 45 M	$ 90 M	$ 93 M
2022 Median Age :	36	35	35
2022 Total Households :	910	1,712	1,761
2022 Pop Age 25+: Bachelor's Degree :	157	336	340
2022 Average Home Value :	$ 127,745	$ 134,975	$ 136,039

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
SR 40B (8)	N 9th Ave	2020	4,259	0.22 mi
W Hopi Dr	N 9th Ave	2002	3,329	0.25 mi
Navajo Blvd	E Erie St	2018	15,198	0.58 mi
Navajo Blvd	E Montano St	2002	8,322	0.61 mi
I- 40 Bus	E Hampshire St	2018	13,171	0.64 mi
I-40	N 8th Ave	2018	16,145	0.65 mi
I-40 Exit 286 A-Ramp	la Jolla Dr	2020	954	0.66 mi
SR 77	E Romero St	2020	9,278	0.69 mi
Navajo Blvd	I-40	2002	9,503	0.83 mi
SR-40B (8) / Navajo Blvd	I- 40	2020	12,713	0.91 mi

Listing Broker

Jimmy Goodman

The Boulder Group (HQ)

Contact

168 Listings
26595 Views
76 Sold

Randy Blankstein

The Boulder Group (HQ)

Contact

165 Listings
25904 Views
70 Sold

Jimmy Goodman

Goodman is a partner at The Boulder Group, with over 15 years of experience in the investment real estate sector. His career began at PricewaterhouseCoopers in 2001 and afterward, he has been solely focused on investment real estate. He has been featured in multiple publications including Globe Street, Commercial Property Executive, Real Estate Forum and was a featured speaker at Real Share’s Net Lease Conference. He is a member of the International Council of Shopping Centers and received a Ba

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Randy Blankstein

President of The Boulder Group, Blankstein is a senior commercial real estate executive with over 30 years of experience focused on advisory services in the single tenant net lease sector. Led The Boulder Group to a top 10 company national ranking for single tenant retail transactions by both CoStar and Real Capital Analytics from 2010-2021. Founded and managed net leased companies on both the advisory and principal sides that have been involved in over $7 billion in single tenant transaction

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