19385 Indian School Rd, Litchfield Park, AZ 85340-9535

This exceptional investment opportunity presents a fee-simple ownership of a 9,600 square foot Dollar Tree storefront in Litchfield Park, Arizona. The property boasts a strong corporate guarantee, a 10-year lease (commencing February 9, 2023, and expiring February 8, 2033) with three 5-year options, and a 10% rent increase at the start of each option period. Located at 19385 W Indian School Rd, 85340, on a 0.99-acre lot with 42 parking spaces, this property benefits from a high-traffic location near the intersection of W Indian School Road and N Jackrabbit Trail, within the Jackrabbit Ranch Marketplace (75,000 sq ft) and across from Village Grove at Verrado (170,000 sq ft), a shopping center anchored by Fry's Electronics, AutoZone, and Ace Hardware. The property's strong location is further enhanced by the proximity to other national retailers, including Costco, Dollar General, and CVS. The 5-mile trade area has over 96,900 residents and 5,300 employees, with average household incomes within 3 miles exceeding $154,042. The property features a Net Net Net (NNN) lease, minimizing landlord responsibilities, and a current Net Operating Income (NOI) of $120,000, representing a 5.61% cap rate. Built in 2023, this property offers a secure, low-management investment with significant upside potential due to the built-in rent escalations. The asking price is $2,140,000 ($222.92/sq ft). The property's APN is 502-63-942. 100% occupancy is currently maintained.