Skip to main content

Discount

Family Dollar - Fresno

1928 W Olive Ave, Fresno, CA 93728

Listing Price: $2,335,605

Cap Rate
7.75%
Tenant Name
Family Dollar
Years Remaining On Lease
0.1
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Double Net
Rent Per Square Feet
$22.89

Investment Overview

Marcus & Millichap is pleased to present an attractive investment opportunity in the form of a Built-to-Suit Family Dollar property located in Fresno, California. The property was constructed in 2014 and the tenant recently exercised their 1st five year option bring the remaining term to five+ years. This recent extension is a testament to the strength of the location. Investors can take advantage of the potential for stable long-term returns, as there are five five-year options still available, each with a 10 percent increase in rental income.

The subject property boasts an impressive 10-year operating history, establishing a track record of successful operations and tenant reliability. Notably, this Family Dollar is strategically positioned as the only one in the area west of the nearest Family Dollar, which is over 14 miles away on Highway 99. This unique positioning grants the property a significant competitive advantage in serving the essential needs of Western Fresno consumers.

The investment is further strengthened by a corporate lease with Family Dollar, Inc., which is an investment-grade subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR) and holds a favorable S&P rating of BBB. Family Dollar, Inc. is the largest dollar store chain in the United States, boasting an impressive network of 15,500+ locations. The company achieved record-setting net sales of $26.3 billion in 2021 and was ranked #137 in the prestigious Fortune 500 list in 2022.

The property’s location is strategically chosen for excellent accessibility, situated near the intersection of Olive Avenue and Golden State Highway 99, with a daily traffic count exceeding 137 cars. This accessibility ensures the property’s visibility and ease of access for consumers, further enhancing the tenant’s success in serving the local market. The surrounding population of 301,416 people have an average household income of $61,500 in a five-mile radius.

Fresno, the fifth-largest city in California, serves as the metropolitan hub for the Central Valley and holds immense significance as an agricultural center for the world. With a strong economic foundation and growth potential, Fresno offers a stable and thriving real estate market.

Investment Highlights

  • Recently Extended Corporate Family Dollar | Five+ Years Remaining
  • Built-to-Suit in 2014 – Minimal Landlord Responsibilities
  • Five - Five-year Options Remaining with 10 Percent Increases Each Option | Ten-Year Operating History at the Subject Property
  • Only Family Dollar west of the Nearest Family Dollar & Highway 99 / Nearest Family Dollar is Over 14 Miles Away to the West
  • Corporate Lease (NASDAQ: DTLR) Investment Grade (S&P: BBB): Family Dollar, Inc. is a Subsidiary of Dollar Tree, Inc.
  • Largest Dollar Store Chain in the United States with 16,162 Locations; Record-Setting 2021 Net Sales of $26.3 Billion; Ranked #137 in the Fortune 500 (2022)
  • Excellent Access from Olive Avenue to Golden State Highway 99 with Over 137 Cars Per Day – Serving the Essential Needs of Western Fresno Consumers
  • Fresno is the Fifth Largest City in California and the Metropolitan Hub for the Central Valley. Located in the Heart of California, Fresno is an Agricultural Center for the World.

Exclusively Listed By

Financing By

Discount

Family Dollar - Fresno

Listing Price: $2,335,605

Cap Rate
7.75%
Tenant Name
Family Dollar
Years Remaining On Lease
0.1
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Double Net
Rent Per Square Feet
$22.89

Investment Highlights

  • Recently Extended Corporate Family Dollar | Five+ Years Remaining
  • Built-to-Suit in 2014 – Minimal Landlord Responsibilities
  • Five - Five-year Options Remaining with 10 Percent Increases Each Option | Ten-Year Operating History at the Subject Property
  • Only Family Dollar west of the Nearest Family Dollar & Highway 99 / Nearest Family Dollar is Over 14 Miles Away to the West
  • Corporate Lease (NASDAQ: DTLR) Investment Grade (S&P: BBB): Family Dollar, Inc. is a Subsidiary of Dollar Tree, Inc.
  • Largest Dollar Store Chain in the United States with 16,162 Locations; Record-Setting 2021 Net Sales of $26.3 Billion; Ranked #137 in the Fortune 500 (2022)
  • Excellent Access from Olive Avenue to Golden State Highway 99 with Over 137 Cars Per Day – Serving the Essential Needs of Western Fresno Consumers
  • Fresno is the Fifth Largest City in California and the Metropolitan Hub for the Central Valley. Located in the Heart of California, Fresno is an Agricultural Center for the World.

Investment Overview

Marcus & Millichap is pleased to present an attractive investment opportunity in the form of a Built-to-Suit Family Dollar property located in Fresno, California. The property was constructed in 2014 and the tenant recently exercised their 1st five year option bring the remaining term to five+ years. This recent extension is a testament to the strength of the location. Investors can take advantage of the potential for stable long-term returns, as there are five five-year options still available, each with a 10 percent increase in rental income. The subject property boasts an impressive 10-year operating history, establishing a track record of successful operations and tenant reliability. Notably, this Family Dollar is strategically positioned as the only one in the area west of the nearest Family Dollar, which is over 14 miles away on Highway 99. This unique positioning grants the property a significant competitive advantage in serving the essential needs of Western Fresno consumers. The investment is further strengthened by a corporate lease with Family Dollar, Inc., which is an investment-grade subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR) and holds a favorable S&P rating of BBB. Family Dollar, Inc. is the largest dollar store chain in the United States, boasting an impressive network of 15,500+ locations. The company achieved record-setting net sales of $26.3 billion in 2021 and was ranked #137 in the prestigious Fortune 500 list in 2022. The property’s location is strategically chosen for excellent accessibility, situated near the intersection of Olive Avenue and Golden State Highway 99, with a daily traffic count exceeding 137 cars. This accessibility ensures the property’s visibility and ease of access for consumers, further enhancing the tenant’s success in serving the local market. The surrounding population of 301,416 people have an average household income of $61,500 in a five-mile radius. Fresno, the fifth-largest city in California, serves as the metropolitan hub for the Central Valley and holds immense significance as an agricultural center for the world. With a strong economic foundation and growth potential, Fresno offers a stable and thriving real estate market.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower