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Dollar General, Concho, AZ

Dollar General

AZ, United States

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 Broker Information 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.

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