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Department Store

Ross Dress for Less

4120 S Arizona Ave, Chandler, AZ 85248

Listing Price: $6,418,000

Cap Rate
6.35%
Tenant Name
Ross Dress for Less, Inc.
Years Remaining On Lease
5.5
Gross SF
30,187
Guarantor
Corporate Guarantee
Rentable SF
30,187
Price/Gross SF
$212.61
Lease Type
Double Net
Rent Per Square Feet
$13.50

Investment Overview

Ross Stores, Inc. is an S&P 500, Fortune 500, and NASDAQ 100 (ROST) company headquartered in Dublin, California, with fiscal 2021 revenues of $18.9 billion. Ross is the largest off-price apparel and home fashion chain in the United States with 1,648 locations in 40 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20 percent to 60 percent off department and specialty store prices. Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round.

Investment Highlights

  • Corporate Lease with Ross Stores, Inc. - Recent Five Year Extension
  • 197,978 Residents Within a Five-Mile Radius - Phoenix MSA
  • Rapidly Growing Trade Area - Households and Population Projected to Increase Over 14 Percent in the Immediate Area by 2026
  • Situated at a High-Traffic Intersection - Over 55,000 Cars per Day at the Corner of South Arizona Avenue and West Ocotillo Road
  • Subject Property is a Significant Anchor of Fulton Ranch Towne Center - Other Tenants Include Lowe's, Staples, Petco, Dollar Tree, and Jack-in-the-Box
  • Adjacent to Hamilton High School (Over 4,100 Students)
  • Direct Access to the Loop 202 Freeway (Over 162,000 Cars per Day) via South Arizona Avenue
  • Situated in a Dense Retail Corridor - The Home Depot, Target, PetSmart, LA Fitness, etc.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Department Store

Ross Dress for Less

Listing Price: $6,418,000

Cap Rate
6.35%
Tenant Name
Ross Dress for Less, Inc.
Years Remaining On Lease
5.5
Gross SF
30,187
Guarantor
Corporate Guarantee
Rentable SF
30,187
Price/Gross SF
$212.61
Lease Type
Double Net
Rent Per Square Feet
$13.50

Investment Highlights

  • Corporate Lease with Ross Stores, Inc. - Recent Five Year Extension
  • 197,978 Residents Within a Five-Mile Radius - Phoenix MSA
  • Rapidly Growing Trade Area - Households and Population Projected to Increase Over 14 Percent in the Immediate Area by 2026
  • Situated at a High-Traffic Intersection - Over 55,000 Cars per Day at the Corner of South Arizona Avenue and West Ocotillo Road
  • Subject Property is a Significant Anchor of Fulton Ranch Towne Center - Other Tenants Include Lowe's, Staples, Petco, Dollar Tree, and Jack-in-the-Box
  • Adjacent to Hamilton High School (Over 4,100 Students)
  • Direct Access to the Loop 202 Freeway (Over 162,000 Cars per Day) via South Arizona Avenue
  • Situated in a Dense Retail Corridor - The Home Depot, Target, PetSmart, LA Fitness, etc.

Investment Overview

Ross Stores, Inc. is an S&P 500, Fortune 500, and NASDAQ 100 (ROST) company headquartered in Dublin, California, with fiscal 2021 revenues of $18.9 billion. Ross is the largest off-price apparel and home fashion chain in the United States with 1,648 locations in 40 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20 percent to 60 percent off department and specialty store prices. Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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