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Family Dollar - Brick Construction - PHX MSA 12101 W Thunderbird Rd 8,271 SF Retail Building El Mirage, AZ 85335 $2,289,000 ($276.75/SF) 7.50% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Lease with Corporate Family Dollar Guaranty - Brick Construction
- Densely-Populated Trade Area in the Phoenix MSA - 245,799 Residents within 5 Miles
- Highly Visible Location Along Thunderbird Road, Immediately Off U.S. Highway 60 - Accessible by Nearly 83,000 Cars per Day
- Multiple Renewal Options with Rent Increases Occurring Every Three Years
- Strategically Located in the Rapidly Growing Northwest Phoenix Corridor Between Sun City, Surprise, and Peoria
- Strong Consumer Traffic with More Than 152,000 Annual Visits in 2025 (per Placer.ai)
Executive Summary
As one of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family, ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices.
El Mirage is considered the gateway to the Northwest Valley of the Greater Phoenix Metro Area. Over the years, El Mirage has grown from a small agriculture town to a diverse urban economy with a population of more than 35,000. The city is located roughly 10 miles northwest of downtown Phoenix and is in immediate proximity to Luke Air Force Base, the largest fighter pilot training facility in the world.
El Mirage is considered the gateway to the Northwest Valley of the Greater Phoenix Metro Area. Over the years, El Mirage has grown from a small agriculture town to a diverse urban economy with a population of more than 35,000. The city is located roughly 10 miles northwest of downtown Phoenix and is in immediate proximity to Luke Air Force Base, the largest fighter pilot training facility in the world.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,271 SF
Building Class
B
Year Built
2015
Price
$2,289,000
Price Per SF
$276.75
Cap Rate
7.50%
NOI
$171,638
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.06 AC
Zoning
C-C - Community Commercial
Frontage
301’ on W Thunderbird Rd
Amenities
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 501-36-956 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $167,231 |
Property Taxes
Parcel Number
501-36-956
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$167,231
Contacts
-
Mark Ruble -
Vincent Knipp -
Christopher Lind -
Zack House -
Ryan Sarbinoff -
Marcus & Millichap
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