This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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

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 Manners

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
£2,709,110
Price Per SF
£225
Net Initial Yield
6.50%
NOI
£176,092
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
1.51 AC
Zoning
C-C - Commercial
Frontage
160 ft on BELL

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

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
200-52-012S
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£323,041
  • Listing ID: 33933534

  • Date on Market: 20/11/2024

  • Last Updated:

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

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}