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Views: 147 DOM: 290 Updated: 10.23.24 Posted: 01.30.24 Status: Active

Summary

Price $2,575,000
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 04-01-2024
#Units 19,986
Price/SF $243.71
Expiration 04-01-2039
Tenant Type Dollar/Discount
NOI $160,850
R. Term 14.4
Ownership Fee Simple
Rent/SF $15.22
Increases 10.0%/5/yrs
Pop 5Mi 45,330
Lot/AC 2.12
Options 3/5yrs/10%
AHHI 5Mi $78,558

Lease Highlights

  • Brand-new 2024 construction
  • Brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Highway 90, with access to 17,943 vehicles passing by daily. Additionally, it is conveniently situated just half a mile from Highway 92, where the traffic count reaches 23,490 VPD. The property is surrounded by numerous parks and outdoor recreational facilities, such as the Huachuca Mountains, Eureka Canyon, Ramsey Canyon, Ash Canyon Bird Sanctuary,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Listing Broker

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