451 Midvalley Rd | Enoch, UT 84721
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451 Midvalley Rd
Enoch, UT 84721
New Dollar General · Retail Property For Sale
Investment Highlights
- Build to suit construction for Dollar General
- Rent increases by 5% every 5 years through base term and options.
- Dollar General has over 20,000 stores nationwide
- New 15 year absolute triple net lease
- Dollar General is an investment grade tenant with an S&P rating of “BBB”
- Enoch, part of the Cedar City metropolitan area, is located along Interstate 15, 250 miles south of Salt Lake City and 170 miles NE of Las Vegas
Executive Summary
Cushman & Wakefield Net Lease Group is pleased to present an approximately 10,640 square-foot single-story retail building leased to DG Retail, LLC, a Tennessee limited liability company, and guaranteed by Dollar General for 15 years. The property has 35 on-site parking spaces and is set to be completed in February 2025.
Dollar General has more stores than any other retailer and is easily the largest dollar store chain. Founded in 1939, the company first went public under the Dollar General name in 1968 and grew to more than 6,000 stores with $6 billion in sales by the early 2000s. To strengthen its position for the long term, Dollar General is making significant investments, primarily in compensation and training for store managers given the critical role this position plays in their customer experience, as well as strategic initiatives.
Cedar City’s economy is diverse, with key sectors including education, tourism, manufacturing, and agriculture. Southern Utah University (SUU), located in the heart of the city, is one of the main economic drivers, attracting students from across the country and providing a range of cultural and educational opportunities. The university also plays a significant role in the local economy through employment, events, and community engagement.
Listed in conjunction with Utah licensed broker Cushman & Wakefield U.S., Inc.
Dollar General has more stores than any other retailer and is easily the largest dollar store chain. Founded in 1939, the company first went public under the Dollar General name in 1968 and grew to more than 6,000 stores with $6 billion in sales by the early 2000s. To strengthen its position for the long term, Dollar General is making significant investments, primarily in compensation and training for store managers given the critical role this position plays in their customer experience, as well as strategic initiatives.
Cedar City’s economy is diverse, with key sectors including education, tourism, manufacturing, and agriculture. Southern Utah University (SUU), located in the heart of the city, is one of the main economic drivers, attracting students from across the country and providing a range of cultural and educational opportunities. The university also plays a significant role in the local economy through employment, events, and community engagement.
Listed in conjunction with Utah licensed broker Cushman & Wakefield U.S., Inc.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
£2,043,294
Price Per SF
£192
Net Initial Yield
6.25%
NOI
£127,721
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Lot Size
1.00 AC
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | A-0786-0009-0000 | Improvements Assessment | £566,833 |
| Land Assessment | £148,765 | Total Assessment | £715,598 |
PROPERTY TAXES
Parcel Number
A-0786-0009-0000
Land Assessment
£148,765
Improvements Assessment
£566,833
Total Assessment
£715,598
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