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2140 W American Ave, Oracle, AZ, 85623

FAMILY DOLLAR TREE
Closed

Key Information

Year Built
2024
Term Remaining
±9 YRS
Type
Retail
Leasable Area
10,500

Highlights

  • 2024 build-to-suit construction for Family Dollar Tree
  • ±9 Years remaining on an initial 10-Year lease
  • Three, 5-Year renewal options all of which include a $0.50/SF rent increase
  • Corporately guaranteed lease
  • Family Dollar Tree Combo stores have proven 20% higher sales volume than non-co-branded stores
  • The subject property comes with a 20-Year roof warranty
  • 10-mile population of 18,536 residents
  • Average household income of $91,125 annually within a 10-mile radius
  • Traffic counts on Hwy 77 exceed 7,500 vehicles daily
  • Oracle is located 30 miles north of Tucson and 50 miles north of Saguaro National Park
  • Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
  • Family dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
  • Investment Grade Credit Tenant – S&P Rated BBB

Photos

Location

Agents

Broker of Record

David Harrington

License # CO701910000 (AZ)
Matthews Real Estate Investment Services Inc.
1600 W End Ave Nashville, TN