Cap Rate
8.5%
$ per SF
$158
1283 W Frontage Rd, Rio Rico, AZ, 85648
Family Dollar$1,488,871
Key Information
Tot. SF
9,379
Lot Size
1.02 Acres
Year Built
2006
Type
Retail
NOI
$126,554
Highlights
- Strong Corporate Tenant: Family Dollar operates 7,300+ stores nationwide, providing long-term credit stability and national scale.
- Consistent Store-Level Traffic Performance: The property averages approximately 11,168 customer visits per month, totaling ±904,620 visits since 2019 (AlphaMap). Traffic has remained remarkably stable over a 6+ year period, demonstrating the store’s role as a daily-needs destination and reinforcing tenant commitment to the location.
- Recession-Resistant Discount Retailer: Family Dollar benefits from value-driven consumer demand, with foot traffic historically resilient through economic cycles, including inflationary and downturn environments.
- Strong Lease Structure: Lease expires 12/31/2030 with 10% rental increases every five years and Two, 5-year renewal options, providing predictable income growth and long-term cash flow visibility.
- Freestanding, Fee Simple Asset: ±9,379 SF building situated on a ±1.02-acre parcel, offering strong real estate fundamentals and long-term flexibility.
- Strategic Interstate-Oriented Location: Positioned along W Frontage Road adjacent to Interstate 19, a primary commuter corridor connecting Rio Rico, Nogales, and Tucson, supporting steady traffic volumes and visibility.
- Growing Trade Area Demographics: Population within a 1-mile radius projected to grow 1.1% annually (2024–2029), with household growth also trending positive across 1-, 3-, and 5-mile trade areas.
- Passive Investment with Long-Term Optionality: Ideal for 1031 exchange buyers seeking stable income.
Photos
Location
Agents
Broker of Record
David Harrington
License # CO701910000, BR715518000 (AZ)Matthews Real Estate Investment Services, Inc4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251