19385 Indian School Rd, Litchfield Park, AZ 85340
9,600 SF | Retail Building | Litchfield Park, AZ 85340 | $2,286,000 ($238/SF) | 5.25% Cap Rate
- Date Added:
- September 16, 2024
- Days on Market:
- 27 days
Asking Price $2,286,000
- Property Type
-
Retail
- Square Feet
- 9,600 SF
- Price / Square Foot
- $238
Listing Contacts
Patrick Luther
Matthew Mousavi
Alan Houston
Ed Beeh
Property Overview
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, Dollar Tree investment property located in Litchfield Park, Arizona (Phoenix MSA). The tenant, Dollar Tree Stores, Inc., has over 9 years remaining on their current lease term with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 43,124 SF
Highlights
- Over 9 Years Remaining | Investment Grade Tenant (S&P: BBB) | Scheduled Rental Increases
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | Jackrabbit Ranch (75,000 SF) |Village Grove at Verrado (170,000 SF) | Primary Retail Corridor
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
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