DOLLAR GENERAL | TUCSON, ARIZONA
INVESTMENT SUMMARY
Purchase Price
$1,900,000
Location
5663 S. 12th Ave
Cap Rate
6.17%
Annual Rent
$117,211.92
Building Size
9,100 SF
Land Area
0.93 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
5.25 Years
LEASE EXPIRATION
01/31/2027
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2012
APN
137-08-021E
Traffic Counts
18,276 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 5.25 Years Remaining in the Initial 15 Year Lease Term
- 2012 Build to Suit Construction - 9,100 SF
- Three (3) - Five (5) Year Option Periods
- 10% Rental Increases in Option Periods
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
LOCATION:
- Strategically Located Along S. 12th Ave - Boasting Traffic Counts in Excess of 18,276 Vehicles per Day
- Located Less than 4.5 Miles (10 Minute Drive) from Tucson International Airport - Services 3.8 Million Passengers
- Located Less than 1 Mile from Apollo Middle School (660 Students) and Liberty Elementary School (728 Students)
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 14,876 Residents
- 1-Mile Average Household Income = $58,302
- 3-Mile Population = 100,331 Residents
- 3-Mile Average Household Income = $54,533
- 5-Mile Population = 176,682 Residents
- 5-Mile Average Household Income = $58,290
TENANT:
- Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
- 17,683 Stores in 46 States as of July 30, 2021
- Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
- Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)