NNN Leased Investment Opportunity

1240 East Indian School Road, Phoenix, AZ

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For Sale

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NNN leased Dollar Tree with rental increases and renewal options.

Type:RETAIL

Property size:

15,313 SF

Lot size:

2.00 Acres

Price / SF:

$303/SF

HighLights

Absolute Triple‑Net (NNN) Lease with Dollar Tree
11 Years Remaining on Lease
Enjoy 10% Rental Increases Every Five Years
Multiple Renewal Options
Longstanding Store
Converted to Dollar Tree in 2024

We can help!

Listing Contact

Chris Lind

For Sale

Contact for pricing

NNN leased Dollar Tree with rental increases and renewal options.

Type:RETAIL

Property size:

15,313 SF

Lot size:

2.00 Acres

Price / SF:

$303/SF

Added:: Mar 12, 2025
Days on Market:: 463
Last Refresh:: May 20 at 8:08 pm

Property Features for 1240 East Indian School Road

General Information

Standard status: Active
Size: 15,313 SF
Lot size: 2.00 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Chris Lind

Listing agent Chris Lind License #(S):AZ:SA550593000,NV:S.0192964

Listing office Marcus & Millichap | Phoenix

Listing date Mar 12, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix

HighLights

Absolute Triple‑Net (NNN) Lease with Dollar Tree
11 Years Remaining on Lease
Enjoy 10% Rental Increases Every Five Years
Multiple Renewal Options
Longstanding Store
Converted to Dollar Tree in 2024

Overview

This property is subject to an absolute triple-net (NNN) lease with Dollar Tree, with approximately 11 years remaining on the lease term. The property is a longstanding retail location that recently underwent conversion to a Dollar Tree store in 2024, previously operating as a 99 Cent Only store. The lease includes 10% rental increases every five years, along with multiple renewal options. The property contains 15313 square feet of space.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

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Location Insight

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Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.055
Latitude: 33.4953

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For sale
Storefront properties
AZ
Phoenix
1240 East Indian School Road

What type of property is this?

Storefront property - NNN leased Dollar Tree with rental increases and renewal options.

Where is this storefront property located?

The property is located at 1240 East Indian School Road Phoenix, AZ.

What is the asking price?

The asking price for this property is $4,653,500.

What are key features of this property?

This property features: Absolute Triple‑Net (NNN) Lease with Dollar Tree; 11 Years Remaining on Lease; Enjoy 10% Rental Increases Every Five Years

1240 East Indian School Road, Phoenix, AZ

NNN leased Dollar Tree with rental increases and renewal options.

Property Features for 1240 East Indian School Road

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Licensed Home

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

2025-Built Duplex Investment

Side-by-Side 2025 Duplexes

5-Unit Multifamily with Recent Renovations

Two-Bedroom Fourplex with Private Yards

Phoenix Duplex with Rental Potential

Fourplex Residential Income Property

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