Current Use by Public Records
- Dollar Tree / Discount Store
Property Details for 6773 Bell Rd
- Year built
- 2002
- Lot size
- 1.78 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.205
- Latitude
- 33.6359
