DOLLAR GENERAL | SHOW LOW, ARIZONA
INVESTMENT SUMMARY
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
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