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Family Dollar 1283 W Frontage Rd 9,379 SF Retail Building Rio Rico, AZ 85648 $2,025,341 CAD ($215.94 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Strong Corporate Tenant: Family Dollar operates 7,300+ stores nationwide, providing long-term credit stability and national scale.
- Recession-Resistant Discount Retailer: Family Dollar benefits from value-driven consumer demand, with foot traffic historically resilient through econ
- Freestanding, Fee Simple Asset: ±9,379 SF building situated on a ±1.02-acre parcel, offering strong real estate fundamentals and long-term flexibility
- Consistent Store-Level Traffic Performance: The property averages approximately 11,168 customer visits per month, totaling ±904,620 visits since 2019
- Strong Lease Structure: Lease expires 12/31/2030 with 10% rental increases every five years and Two, 5-year renewal options, providing predictable inc
- Strategic Interstate-Oriented Location: Positioned along W Frontage Road adjacent to Interstate 19, a primary commuter corridor connecting Rio Rico, N
Executive Summary
David Harrington
License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Dec 2027
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Dec 2027 |
Property Taxes
| Parcel Number | 140-03-010A | Improvements Assessment | $0 CAD |
| Land Assessment | $17,955 CAD | Total Assessment | $17,955 CAD |
Property Taxes
Presented by
Family Dollar | 1283 W Frontage Rd
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