Listed by Matthews
$894,695
Family Dollar
Details
Property Type Retail
Sub Type Storefront
Square Footage 7,818
Cap Rate 9.50%
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 06/30/2029
Remaining Term 3
Rent Bumps Yes
Lease Options One, 5-Year Option
Price per SqFt $114
Year Built 2003
Buildings 1
Acreage 1.160
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2004
Ownership Fee Simple
Absolute NNN Family Dollar – 9.5% Cap, 3 Years Left, Prime AZ Location
Marketing description
Single-tenant Family Dollar in Sierra Vista, AZ. Absolute NNN lease with ±3 years remaining and one 5-year renewal option. Offered at $894,695 with a 9.5% cap rate and $84,996 annual NOI. 7,818 SF building on 1.16 acres. 13.21% rent increase at next option.
Investment highlights
- Absolute NNN Lease: The lease provides for passive income with no landlord expenses or management responsibility. The property is leased to Family Dollar, a nationally recognized discount retailer operating thousands of locations across the United States.
- Strategic Retail Location: Positioned along S Hwy 92, a primary retail corridor in Sierra Vista, the property benefits from strong visibility, convenient access, and proximity to surrounding residential neighborhoods that drive consistent daily traffic.
- Established Store History: Originally built in 2003, this established Family Dollar location has served the surrounding community for over two decades, demonstrating the site’s long-term viability and customer demand. Family Dollar has extended the lease three times, demonstrating commitment to the location.
- Strong Rental Increases: The lease features a significant rental increase of 13.21% if the tenant exercises the next renewal option, providing investors with meaningful income growth and an attractive hedge against inflation.
Listing Contacts
Listed by Matthews
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Zoning
GB CommercialGeneral CommercialGeneral Business
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