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Dollar Tree | 9+yrs Remain Corp NNN SEC Jackrabbit Trl & Indian School Rd

9,600 SF 100% Leased Retail Building Buckeye, AZ 85396 $2,140,000 ($223/SF) 5.61% Cap Rate

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Investment Highlights

Over 9 Years Remaining | Investment Grade Tenant (S&P: BBB) | Scheduled Rental Increases
Signalized, Hard Corner Intersection | Jackrabbit Ranch (75,000 SF) |Village Grove at Verrado (170,000 SF) | Primary Retail Corridor

NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Executive Summary

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, Dollar Tree investment property located in Litchfield Park, Arizona (Phoenix MSA). The tenant, Dollar Tree Stores, Inc., has over 9 years remaining on their current lease term with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,600 SF

Building Class

Year Built

2022

Price

$2,140,000

Price Per SF

$223

Cap Rate

5.61%

NOI

$120,054

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.02

Lot Size

9.43 AC

Zoning

Parking

30 Spaces (3 Spaces per 1,000 SF Leased)

Frontage

150 FT on West Indian School Road

Retailer
99,999 SF
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At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.