New Build to Suit Dollar General in Sierra Vista Arizona
5202 Highway 90, Sierra Vista, AZ, USA Map
Listing Price $2,978,704
Status | Active |
Lease Type | Absolute Net |
Property Type | Retail |
CAP Rate | 5.4% |
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
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.