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Long Term Dollar Tree Net Lease 6773 W Bell Rd
12,064 SF Retail Building Glendale, AZ 85308 £2,709,110 (£225/SF) 6.50% Net Initial Yield
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
• 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 Manners
Property Facts
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Retailer
- -
- -
- Negotiable
- -
At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Retailer | - | - | Negotiable | - |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 200-52-012S | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £323,041 |
PROPERTY TAXES
Presented by
Long Term Dollar Tree Net Lease | 6773 W Bell Rd
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