For Sale
$3,433,600

6773 Bell RdPeoria, AZ 85308

High-yield net lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 12,064 square foot Dollar Tree (NASDAQ: DLTR) located at 6773 W Bell Rd, Glendale, AZ 85308. The property sits on a 1.78-acre lot and boasts a new 10.3-year primary lease commencing January 22, 2024, and expiring April 30, 2034, with two five-year renewal options. The lease is a net lease with a corporate guarantee, minimizing landlord responsibilities. The current Net Operating Income (NOI) is $223,184, yielding a 6.50% cap rate. The asking price is $3,433,600, translating to $284.62 per square foot. Built in 2002, this well-situated property benefits from a prime location on the Bell Road retail corridor, near Arrowhead Towne Center and other major national retailers like The Home Depot and Fry's. The area boasts strong traffic counts (approximately 70,233 vehicles per day) and a densely populated trade area with over 322,000 residents within a 5-mile radius. Rent increases of $1.00 per square foot are built into the lease every five years, ensuring future growth potential. This recession-resistant tenant, Dollar Tree, reported $30.604 billion in revenue (TTM), an 8.02% increase from 2023, demonstrating financial strength and stability. The property's APN is 200-52-012S. This is a compelling opportunity for investors seeking a stable, high-yield return in a thriving retail market.

Highlights

  • Net lease Dollar Tree investment opportunity in Glendale, AZ.
  • Strong corporate guarantee from Dollar Tree (NASDAQ: DLTR).
  • Minimal landlord responsibilities; net lease structure.
  • Recession-resistant tenant with over $30B in annual revenue.
  • Prime location on Bell Road retail corridor near Arrowhead Towne Center and other major retailers.

Property Details for 6773 Bell Rd

Property type
Retail properties, Retail space
Square Feet
12,064 SF
Year Built
2002
Lot Size (sq. ft)
77,537 SF

Location Insight

City
Peoria
County
Maricopa
State
Arizona
Latitude
33.635924
Longitude
-112.2049633
6773 Bell Rd, Peoria, Arizona

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6773 Bell Rd
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