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TRANSCRIPT
3522 WEST BELL ROAD I PHOENIX, AZ
DOLLAR TREE INVESTMENT OPPORTUNITY
Colliers International has been exclusively retained to sell 3522 W Bell Road, Phoenix, Arizona (the “Property”). This 12,500 square foot retail location is 100% leased to Dollar Tree (NASDAQ: DLTR) with 5+ years remaining on a corporate lease. Dollar Tree, Inc. is the world’s leading operator of $1 price-point variety stores. The Company, operating nearly 14,400 stores throughout North America, reported $20.7 billion in net sales volume for 2016. The Property is located within the northwest portion of Metro Phoenix, and surrounded by dense housing and numerous major employers. The Property has excellent demographics to support a successful Dollar Tree location for years to come.
INVESTMENT HIGHLIGHTS• A tenant since 2008, the tenant just exercised their first 5-year renewal option, demonstrating their long-term commitment to this location
TENANT HIGHLIGHTS• Dollar Tree, a Fortune 200 company, is the world’s leader in the $1 price-point variety store category
• Company’s net sales volume increased 33.7% from 2015 to 2016
35TH AVE
BELL ROAD
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3522 W BELL RD
BUILDING SIZE: 12,500 SF
LEASE RENEWAL THROUGH: February 14, 2023
ASKING PRICE: $2,353,188
PER SQUARE FOOT: $188
EST NET OPERATING INCOME: $176,250
EST CAPITALIZATION RATE: 7.5%
EXECUTIVE OVERVIEW
SURPRISE
SUNCITY
SCOTTSDALE
P H O E N I X
GLENDALE
Downtown
PEORIA
PARADISEVALLEY
CAREFREE
CAVE CREEK
ANTHEM
FOUNTAINHILLS
MESA
GILBERT
TEMPE
AHWATUKEEFOOTHILLS
CHANDLER
QUEEN CREEK
APACHE JUNCTION
BELL RD.
GRAND AVE.
SHEA BLVD.PEORIA AVE.
MAIN ST.
BASELINE RD.
CAMELBACK RD.
VAN BUREN ST.
CAREFREE HWY.
PIMA FWY.AGUA FRIA FWY.
PAPAGO FWY.
SUPERSTITION FWY.
MARICOPA FWY.
SAN TAN FWY.
RED MOUNTAIN FWY.
PIES
TEW
A FW
Y.
BLAC
K C
ANYO
N FW
Y.
SCOT
TSDA
LE R
D.
CAVE
CRE
EK R
D.
BEELINE HWY.
67TH
AVE
.
7TH
ST.
POW
ER R
D.
CENT
RAL
AVE.
COUN
TRY
CLUB
DR.
COTT
ON L
N.
KIERLAND • Immediately surrounded by dense housing with excellent connectivity to the Metro Phoenix freeway system
• Major employers, universities and hospitals have chosen this area due to the well-established, well-positioned neighborhoods of middle class families
LOCATION HIGHLIGHTS
EXCLUSIVE INVESTMENT ADVISORS:MINDY KORTHExecutive Vice President+1 602 222 [email protected]
KIRK KULLERVice President+1 602 222 [email protected]
SEAN WESTFALLSenior Associate+1 602 222 [email protected]
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2017. All rights reserved.
UNION HILLS DR
BELL RD
GREENWAY RD
59TH AVE
43RD AVE
35TH AVE
51ST AVE
SUNBURST FARMS
TALAVI TOWNE CENTER
OVERLAND TRAILWESTERN MEADOWS
UNION HILLS ESTATES
WOODRIDGE
COUNTRY RIDGE
DEER VALLEY TOWNE CENTER
STARBUCKS TRUE LOGOS. GENERATED BY CHI NGUYEN (CHISAGITTA)
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Deer Valley Medical Center