1240 E Indian School Rd - Freestanding FOR SALE


Phoenix, AZ 85014- Midtown Phoenix
$4,653,500 USD
602-687-6780
1240 E Indian School Rd, Phoenix, AZ for Sale
$4,653,500 USD
Freestanding - FOR SALE
1/5
null | 5.5% Cap Rate

1240 E Indian School Rd
Phoenix, AZ 85014
Midtown Phoenix


HIGHLIGHTS

  • 11 Years Remaining on Absolute Triple-Net (NNN) Lease with Dollar Tree
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options - Next Rent Increase Occurs on February 1, 2028
  • Longstanding 99 Cent Only Store Recently Underwent Conversion to Dollar Tree in 2024
  • 403,307 Residents within 5 Miles - Rare Infill Near Downtown Phoenix
  • Growing Trade Area - Households and Population Projected to Increase 5-7% Over the Next 5 Years
  • Excellent Frontage Along Indian School Road, a Major Thoroughfare in the Phoenix Area - 73,000+ Combined Cars/Day at the Corner

OVERVIEW

Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. Some of the product departments at Dollar Tree include housewares, glasswares, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, party supplies, craft supplies, teaching supplies, books, seasonal decor, and more. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent.

FOR SALE DETAILS

PRICE

$4,653,500 USD

PRICE/SF

$304 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree - Rare Abs. NNN Corp. Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

155-05-082A

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.