Dollar General

5240 East Highway 90, Sierra Vista, AZ 85635

$2,575,000

Cap Rate 6.25%

Views: 162 DOM: 327 Updated: 12.13.24 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 14.3	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

Jesse Limon

Marcus & Millichap

Contact

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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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Highway location
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Sierra Vista, Arizona Zip Code 85635 Broker Site Page Drone Video

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

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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