DOLLAR GENERAL | BULLHEAD CITY (FORT MOHAVE), ARIZONA
INVESTMENT SUMMARY
Purchase Price
$1,026,182
Location
1590 E Joy Ln
Cap Rate
8.25%
Annual Rent
$84,660.00
Building Size
9,100 SF
Land Area
1.01 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
6.5 Years
LEASE EXPIRATION
10/31/2029
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2004
APN
22607112
Traffic Counts
17,371 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 6 Years of Guaranteed Lease Term (Lease Exp: 10/31/2029)
- 2004 Build to Suit Construction
- Five (5) - Five (5) Year Option Periods with Rental Increases
NN LEASE:
- Landlord Responsibilities Limited to Roof, Parking Lot, HVAC and Structure
- Brand New Parking Lot Installed in 2023
- This Location is Part of Dollar General’s National Insurance Program
RECENT LEASE EXTENSION - 2023:
- Dollar General Recently Committed to an Early 5-Year Lease Extension Signifying their Commitment to this Location
SNOWBIRD RV PARK:
- Located Adjacent to the Subject Property
- Over 130 RV Sites - 30/50 Amp
- 25+ Year Operating History (Est. 1990)
- Amenities Include: Pull Thru Access, Pool, Spa, Large Club House, Small Dog Park and Dry Storage
PROXIMITY FROM FORT MOHAVE, ARIZONA:
- Bullhead City, AZ | 12 Miles
- Lake Havasu, AZ | 55 Miles
- Parker, AZ | 78 Miles
- Las Vegas, NV | 111 Miles
- Flagstaff, AZ | 193 Miles
- Palm Springs, CA | 199 Miles
- Phoenix, AZ | 234 Miles
- Los Angeles, CA | 267 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population: 3,922 Residents
- 1-Mile Average Household Income: $104,110
- 3-Mile Population: 15,288 Residents
- 3-Mile Average Household Income: $91,162
- 5-Mile Population: 22,190 Residents
- 5-Mile Average Household Income: $91,236
- 7-Mile Population: 31,789 Residents
- 7-Mile Average Household Income: $85,446
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- 19,488 Stores in 48 States as of August 4, 2023