New Build to Suit Dollar General in Sierra Vista Arizona
5240 Highway 90, Sierra Vista, AZ, USA Map
Listing Price $2,575,000
| Status | Active |
| Lease Type | Absolute Net |
| Property Type | Retail |
| CAP Rate | 6.25% |
| GLA (Sq. Ft.) | 10,566 |
| NOI | $160,850 |
| Lease Term Remaining | 15 Years |
| Increases | 10% in Each Option |
| Options | 3 x 5 Years |
| State (BOR) | AZ |
| Broker of Record | Ryan Sarbinoff |
| License # (BOR) | BR675146000 |
Investment Highlights
- Investment Grade Tenant Dollar General is the Country’s
Largest Small Box Discount Retailer with Nearly 20,000
Stores and a Credit Rating of BBB from S&P - Well Established Retail Corridor | Nearby National Retailers
Include: Tractor Supply, Target, Fry’s, PetSmart, Lowe’s,
Walmart, Hobby Lobby, Olive Garden, Chipotle, and Others - Affluent Community with an Average Household Income of
Over $79K within Fifteen Miles of the Subject Asset, as of
2022 - Robust Traffic Counts on Highway 90 (17,943 VPD) and a Half
Mile off of Highway 92 (23,490 VPD) (Source: LandVision,
CoStar, 2022) - Parks and Outdoor Recreational Facilities Nearby Include:
The Huachuca Mountains, Eureka Canyon, Ramsey Canyon,
Ash Canyon Bird Sanctuary, Pueblo Del Sol Country Club,
Mountain View Golf Course, Veterans Memorial Park, and More - Subject is Three Miles from Downtown Sierra Vista with a
Population of 45,479 - Dollar General is Under Six Miles from Fort Huachuca, Which
has Over 14,000 Service Members and Families On Base
Investment Overview
Motivated Seller is Looking to Transact Before the End of the Year. Subject is a Prime 10,566 Square-Foot Build-to-Suit Dollar General on a 2.12-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection Absolute NNN Lease with a 15-Year Base Term and Zero Landlord Responsibility | 10% Rental Increases in Each Option, 3 x 5-Year Options.
