Skip to main content

Discount

Dollar Tree | Rare Absolute NNN Corporate Lease

1240 E Indian School Rd, Phoenix, AZ 85014

Listing Price: $4,653,500

Cap Rate
5.50%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.9
Guarantor
No Guarantee
Rentable SF
15,313
Lease Type
Absolute Net
Rent Per Square Feet
$16.71

Investment Overview

Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. Some of the product departments at Dollar Tree include housewares, glasswares, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, party supplies, craft supplies, teaching supplies, books, seasonal decor, and more.

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent.

Investment Highlights

  • 11 Years Remaining on Absolute Triple-Net (NNN) Lease with Dollar Tree
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options - Next Rent Increase Occurs on February 1, 2028
  • Longstanding 99 Cent Only Store Recently Underwent Conversion to Dollar Tree in 2024
  • 403,307 Residents within 5 Miles - Rare Infill Near Downtown Phoenix
  • Growing Trade Area - Households and Population Projected to Increase 5-7% Over the Next 5 Years

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Discount

Dollar Tree | Rare Absolute NNN Corporate Lease

Listing Price: $4,653,500

Cap Rate
5.50%
Tenant Name
Dollar Tree
Years Remaining On Lease
10.9
Guarantor
No Guarantee
Rentable SF
15,313
Lease Type
Absolute Net
Rent Per Square Feet
$16.71

Investment Highlights

  • 11 Years Remaining on Absolute Triple-Net (NNN) Lease with Dollar Tree
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options - Next Rent Increase Occurs on February 1, 2028
  • Longstanding 99 Cent Only Store Recently Underwent Conversion to Dollar Tree in 2024
  • 403,307 Residents within 5 Miles - Rare Infill Near Downtown Phoenix
  • Growing Trade Area - Households and Population Projected to Increase 5-7% Over the Next 5 Years

Investment Overview

Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. Some of the product departments at Dollar Tree include housewares, glasswares, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, party supplies, craft supplies, teaching supplies, books, seasonal decor, and more. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

MM Texture Background
MM Textured Background Lower