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Dollar General 2281 Highway 260

9,014 SF Retail Building Overgaard, AZ 85933 £779,821 (£87/SF) 7.50% Net Initial Yield

Investment Highlights

  • Established store with proven long-term tenancy in a location on a main thoroughfare, free-standing single-tenant building
  • High convenience store, prominent visibility, and traffic, with little competition in this market
  • Investment Grade Dollar Store with "BBB" Credit Rating, largest small-box retailer with over 20,000 stores

Executive Summary

Cushman & Wakefield is pleased to present the opportunity to acquire this Dollar General store located in Overgaard, Arizona. Lease contains 3 (5-year) options. The lease is corporately guaranteed by Dollar General with a “BBB” investment-grade credit rating. The property offers passive investment with fee simple ownership and with leverage that can achieve a return over 12%. **Additional parking lot rent to be considered.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2005
Price
£779,821
Price Per SF
£87
Net Initial Yield
7.50%
NOI
£58,487
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
2.00 AC
  • Listing ID: 33270919

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: 2281 Highway 260, Overgaard, AZ 85933

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