FAMILY DOLLAR - NET LEASED

Marcus & Millichap is pleased to present an exclusive investment opportunity to acquire a  net leased Family Dollar nestled in the foothills of the San Bernardino Mountains. Located just one mile northeast of the San Bernardino International Airport and south of the Yaamava’ Resort & Casino, the site is also 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 store on Base Line Street, just northeast of this location. Placer.ai shows the Subject location outperforming the Base Line location with 14k+ monthly visitors. 

 

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 $18.12/sf NNN creates a long-term ease of occupancy for the tenant.