Grocery Store
Family Dollar
26534 9th St, Highland, CA 92346
Listing Price: $2,655,000
Investment Overview
Marcus & Millichap is pleased to present an exclusive investment opportunity to acquire a net leased corporate Family Dollar nestled in the foothills of the San Bernardino Mountains. Located just one mile northeast of the San Bernardino International Airport, the site is surrounded by a tremendous density of residential population. A well-performing location for Family Dollar, the original 10-year net lease with Family Dollar, Inc. was signed in April 2018 and has five 5-year renewal options beginning in October of 2028. Each option period signifies a 10% rental increase. This lease was signed in 2018 to apparently address the growing demand for additional retail space due to the strong performance of a nearby, corporately-owned store on Base Line Street, just northeast of this location.
Situated upon ±0.71 acres of land, this inline space located within the larger Rio Ranch shopping center and consists of ±8,500 square feet.
Architectural plans and environmental inspections will be included with the delivery of due diligence materials. The materials will help to facilitate a potential purchaser’s expedited review of the property as they provide confidence in the building’s history and do not reflect any environmental concerns.
A low market rent of $1.51/sf NNN creates a long-term ease of occupancy for the investment grade credit tenant.
Investment Highlights
- Strong Performing Corporate Triple Net-Leased Family Dollar
- 10% Increases in Each of Five 5-Year Options to Renew
- Extremely Dense Population Exceeding 102,337 Residents in the Three Mile Radius With an Average Household Income of $69,021
- High-Profile Signalized Intersection of 9th Street @ Victoria Strong Workforce Demand Drivers to Highland, CA Due to Regional Growth in Major Distribution Facilities, Airport Expansion, New San Bernardino Fire District Training Facility and More
- Robust Business Levels at Nearby Family Dollar Warranted Expansion to New Subject Site at 26534 9th Street
- Recent $300 Million Investment by Amazon for Its New 100-Acre Amazon Air Regional Hub
- Prime Location Less Than One Mile from San Bernardino International Airport (SBD)
Exclusively Listed By
Financing By
Listing Price: $2,655,000
Investment Highlights
- Strong Performing Corporate Triple Net-Leased Family Dollar
- 10% Increases in Each of Five 5-Year Options to Renew
- Extremely Dense Population Exceeding 102,337 Residents in the Three Mile Radius With an Average Household Income of $69,021
- High-Profile Signalized Intersection of 9th Street @ Victoria Strong Workforce Demand Drivers to Highland, CA Due to Regional Growth in Major Distribution Facilities, Airport Expansion, New San Bernardino Fire District Training Facility and More
- Robust Business Levels at Nearby Family Dollar Warranted Expansion to New Subject Site at 26534 9th Street
- Recent $300 Million Investment by Amazon for Its New 100-Acre Amazon Air Regional Hub
- Prime Location Less Than One Mile from San Bernardino International Airport (SBD)
Investment Overview
Marcus & Millichap is pleased to present an exclusive investment opportunity to acquire a net leased corporate Family Dollar nestled in the foothills of the San Bernardino Mountains. Located just one mile northeast of the San Bernardino International Airport, the site is surrounded by a tremendous density of residential population. A well-performing location for Family Dollar, the original 10-year net lease with Family Dollar, Inc. was signed in April 2018 and has five 5-year renewal options beginning in October of 2028. Each option period signifies a 10% rental increase. This lease was signed in 2018 to apparently address the growing demand for additional retail space due to the strong performance of a nearby, corporately-owned store on Base Line Street, just northeast of this location. Situated upon ±0.71 acres of land, this inline space located within the larger Rio Ranch shopping center and consists of ±8,500 square feet. Architectural plans and environmental inspections will be included with the delivery of due diligence materials. The materials will help to facilitate a potential purchaser’s expedited review of the property as they provide confidence in the building’s history and do not reflect any environmental concerns. A low market rent of $1.51/sf NNN creates a long-term ease of occupancy for the investment grade credit tenant.