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DOLLAR GENERAL | SHOW LOW, ARIZONA

Purchase Price
$1,112,000
Location
650 N Clark Rd
Cap Rate
6.75%
Annual Rent
$75,060.00
Building Size
9,217 SF
Land Area
1.25 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
9.5 Years
LEASE EXPIRATION
01/31/2034
Renewal Options
Two (2) - Five (5) Year
RENT INCREASES
12% at Options
Parking
35 Spaces
Year Built
2006
APN
30952027C, 30952017, 30952018
Traffic Counts
13,298 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 9.5 Years of Guaranteed Lease Term (Lease Exp: 01/31/2034)
  • 2006 Build-to-Suit Construction - 9,217 SF
  • Two (2) - Five (5) Year Option Periods with 12% Rental Increases
 

LOW RENT/PSF:

  • Tenant Paying $8.14 PSF
  • Closest Dollar General in Show Low (3 Miles Away) Paying $13.16 PSF - Nearly 61% More PSF than Subject Property
 

RECENT LEASE EXTENSION (JULY 2024):

  • Tenant Just Extended the Lease for an Additional 7 Years Signifying Their Commitment to this Location
 

LONG TERM OPERATING HISTORY:

  • Dollar General Has Been Successfully Operating at this Location Since 2006
  • Tenant Remodeled the Subject Property in 2021
 

UPGRADED CONSTRUCTION:

  • Four Sided CMU Block Construction
 

PROXIMITY FROM SHOW LOW, AZ:

  • Flagstaff, AZ | 140 Miles
  • Scottsdale, AZ | 164 Miles
  • Sedona, AZ | 171 Miles
  • Phoenix, AZ | 175 Miles
  • Prescott, AZ | 183 Miles
  • Tucson, AZ | 186 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 3,147 Residents | $93,125 Average Household Income
  • 3-Mile: 10,915 Residents | $85,424 Average Household Income
  • 5-Mile: 16,400 Residents | $89,122 Average Household Income
  • 10-Mile: 28,083 Residents | $87,165 Average Household Income

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