DOLLAR GENERAL | TUCSON, ARIZONA

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
Three (3) - Five (5) Year
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)

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