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Family Dollar Store 1490 E Quartz Ave 10,500 SF Retail Building Sandy Valley, NV 89019 $2,442,857 ($232.65/SF) 7% Cap Rate
Investment Highlights
- Two tenant net-leased investment includes a 10,500-square-foot Family Dollar and Water Bottle kiosk in a growing community providing stable income.
- Essential retail location with strong community demand and limited local competition, generating over $25M in annual consumer spending.
- 2022 construction with a 10-year NNN lease with four five-year renewal options, offering dependable returns in an underserved market.
- Ideal 1031 exchange opportunity featuring a single-tenant net lease property backed by a prominent national retailer with 15,500+ stores.
Executive Summary
This offering includes a Family Dollar store and Water Bottle kiosk, located in Sandy Valley, Nevada. The building, built in 2022, consists of approximately 10,500 square feet and resides on 1.88 acres. The store is on an initial lease term of 10-years with four 5-year renewal options. The company operates 15,500+ stores across 48 states and five Canadian provinces. This net leased investment is perfect for an investor looking for a stable income property with minimum management responsibilities.
Situated on Quartz Avenue near Valley Electric Association, the post office, the Sandy Valley Library, Sandy Valley High School, and Sky Ranch Airport, the location serves a tight-knit, underserved trade area on the California-Nevada border with limited retail competition. The surrounding community generates over $25 million in annual consumer spending, reinforcing the store’s importance as an essential retail hub.
Situated on Quartz Avenue near Valley Electric Association, the post office, the Sandy Valley Library, Sandy Valley High School, and Sky Ranch Airport, the location serves a tight-knit, underserved trade area on the California-Nevada border with limited retail competition. The surrounding community generates over $25 million in annual consumer spending, reinforcing the store’s importance as an essential retail hub.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,500 SF
Building Class
B
Year Built
2022
Price
$2,442,857
Price Per SF
$232.65
Cap Rate
7%
NOI
$171,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.88 AC
Zoning
C-2 - General Commercial
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 201-32-410-018 | Improvements Assessment | $462,296 |
| Land Assessment | $15,488 | Total Assessment | $477,784 |
Property Taxes
Parcel Number
201-32-410-018
Land Assessment
$15,488
Improvements Assessment
$462,296
Total Assessment
$477,784
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Family Dollar Store | 1490 E Quartz Ave