314 E Business Park Dr - Freestanding FOR SALE


Chino Valley, AZ 86323
$745,000 USD
602-206-0784
314 E Business Park Dr, Chino Valley, AZ for Sale
$745,000 USD
Freestanding - FOR SALE
1/3
null | 8.3% Cap Rate

314 E Business Park Dr
Chino Valley, AZ 86323


OVERVIEW

- 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.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

-

APN/PARCEL ID

306-20-119A

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

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