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Long Term Dollar Tree Net Lease 6773 W Bell Rd 12,064 SF Retail Building Glendale, AZ 85308 $4,793,031 CAD ($397.30 CAD/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • New 10 year primary lease term
  • Minimal landlord responsibilities
  • Dollar Tree (NASDAQ: DLTR) has a market cap of $20.43 billion
  • Strong corporate guaranty
  • Recession resistant tenant
  • Near Arrowhead Towne Center, a 1,197,000 sq ft shopping mall

EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS
• New 10 year primary lease term
• Strong corporate guaranty
• Minimal landlord responsibilities
• Recession resistant tenant
TENANT HIGHLIGHTS
• Dollar Tree (NASDAQ: DLTR) has a market cap of $20.43 billion
• Dollar Tree current revenue (TTM) is $30.604B, a 8.02% increase from 2023
• Over 16,000 locations in 48 states
• Growing business that opened 641 new stores in 2023 (Source)
• Ranked #137 on the Fortune 500 list
LOCATION HIGHLIGHTS
• Near Arrowhead Towne Center, a 1,197,000 sq ft shopping mall
• Located on the Bell Road retail corridor surrounded by national retail tenants such as The Home Depot, Fry’s, Living Spaces and more
• Densely populated trade area with over 322,000 residents in a 5-mile radius
• Strong traffic counts at intersection with ±70,233 VPD
• ±2 miles from Peoria Sports Complex. Spring training home of the San Diego Padres and Seattle Mariners

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Building Size
12,064 SF
Building Class
B
Year Built
2002
Price
$4,793,031 CAD
Price Per SF
$397.30 CAD
Cap Rate
6.50%
NOI
$311,547 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.51 AC
Zoning
C-C - Commercial
Frontage
160’ on BELL

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Negotiable
  • -

At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Negotiable -

NEARBY MAJOR RETAILERS

Starbucks
Fry’s Food Stores
U.S. Bank
MidFirst Bank
WaFd Bank
Black Rock Coffee Bar
Body & Brain
Black Bear Diner
Hawaiian Bros Island Grill
MOD Pizza

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
200-52-012S
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$577,343 CAD
  • Listing ID: 33933534

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 6773 W Bell Rd, Glendale, AZ 85308

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