DOLLAR GENERAL | BULLHEAD CITY (FORT MOHAVE), ARIZONA

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
Five (5) - Five (5) Year
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

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