FAMILY DOLLAR - CORPORATE NET LEASED

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 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, 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.