- Single-tenant, Family Dollar investment opportunity offering a recently extended, corporately guaranteed lease with ±4.75 years remaining with a 21% rental increase next option period.
- Family Dollar, a wholly owned subsidiary of Dollar Tree (NASDAQ: DLTR), is a discount retail chain offering everyday items at an affordable price including groceries, cleaning supplies, laundry care, and more. Currently, Family Dollar operates more than 7,500 stores (Source: Family Dollar).
- This location has an extremely healthy rent-to-sales ratio of 4.48%.
- Family Dollar has operated at this location for approximately 25 years.
- There are several new housing developments in the immediate area including Perkinsville (±110 units) and Heritage Pointe (±75 units)(Source: CastleRock Communities).
- The Property has frontage and excellent visibility on State Route 89 (±25,050 VPD), the main throughfare in Chino Valley (Source: ADOT, 23).
- Chino Valley High School (±789 students), Heritage Middle School (±536 students), and Del Rio Elementary School (±479 students) are located within 6 minutes of the Property (Source: US News).
- Nearby national retailers include Safeway, Chase Bank, AutoZone, Circle K, McDonald's, Walgreens, and more.