Investment Summary
Price | $1,732,900 |
Cap Rate | |
NOI | |
Lease Term | 15 Years |
Lease Type | |
Rental Increases | 10% Rental Increases in Option Periods |
Year Built | 2017 |
Building Size | 9,100 SF |
Lot Size | 1.22 Acres (53,143 SF) |
Status | Sold |
Lead Brokers | Vince Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
LONG-TERM ABSOLUTE NNN LEASE
» Brand new 15-year NNN lease guaranteed by Dollar General Corporation (NYSE: “DG”)
» Absolute NNN lease requires no landlord management, providing an ideal passive investment for an out-of-area investor
MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s yearly revenue exceeds $20 billion
» Dollar General operates 13,000 locations in 43 states and has plans for significant future growth
HARD CORNER LOCATION WITH MINIMAL COMPETITION
» Hard corner location with immediate access to U.S. Highway 60/State Route 61 interchange
» Prime central location along major routes — State Route 61 is the main route through Concho, and U.S. Highway 60 is the main thoroughfare between Concho and Show Low
» Closest dollar store/Dollar General is over 11 miles away in Show Low
BRAND NEW 2017 CONSTRUCTION
» New build-to-suit featuring latest Dollar General prototype
» Brand new building
Click Here to Download Offering Memorandum
Property Description
SOLD
The property is located at the hard corner of Stanford Drive and State Route 61. Located just off of the intersection of Highway 60 and State Route 61, the property benefits from excellent visibility and access to 5,772 vehicles per day. The property is conveniently located on the main thoroughfare that connects Concho to downtown Show Low and Show Low Regional Airport. Major retailers near the site include Walmart, Safeway, CVS, AutoZone, Ace Hardware, McDonald’s, KFC, and many others. The site is surrounded by substantial amounts of ranchland, as well as major tourist attractions, such as the Apache-Sitgreaves National Forest.