1016 S Kofa Ave
Parker, AZ 85344
Family Dollar | 10 Yr. Ext. | Recent Remodel · Retail Property For Sale

SRS is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a Family Dollar property located in Parker, AZ. In 2003, the building was remodeled for Family Dollar and in September 2018 Family Dollar extended the lease for an additional 10 years through December 31, 2028. The lease has three (3) – five (5) year options at 10% rental increases. The NN+ lease has minimal landlord responsibilities that are limited to structure & roof repairs in excess of $2,000 in any lease year. Family Dollar is responsible for the parking lot, HVAC Units & Roof Repairs until the aggregate costs equal $2,000 in any lease year. The lease is guaranteed by Dollar Tree, Inc. (NYSE: DLTR) with a credit rating of BBB- from Standard & Poor’s.