New Dollar General Market | E 500 S
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New Dollar General Market E 500 S
12,480 SF Retail Building Blanding, UT 84511 £2,201,054 (£176/SF) 6.25% Net Initial Yield
Investment Highlights
- Build to suit construction for Dollar General as a Dollar General Market
- 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”
- Blanding is located along US Highway 191, which is regularly traveled by tourists, and is south of Moab and northwest of Hovenweep National Monument
Executive Summary
Cushman & Wakefield Net Lease Group is pleased to present an approximately 12,480 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 36 on-site parking spaces and is set to be completed in November 2024.
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.
Moab is an hour’s drive north or 75 miles from Blanding and acts as the gateway for Canyonlands National Park and Arches National Park. Scenic red rock formations surround the town. There is access to world-class mountain biking and hiking, as well as opportunities to river raft Cataract Canyon and Desolation Canyon on the Colorado River. Moab itself sees between three to five million visitors annually. Arches National Park saw 1.8 million visitors in 2023.
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.
Moab is an hour’s drive north or 75 miles from Blanding and acts as the gateway for Canyonlands National Park and Arches National Park. Scenic red rock formations surround the town. There is access to world-class mountain biking and hiking, as well as opportunities to river raft Cataract Canyon and Desolation Canyon on the Colorado River. Moab itself sees between three to five million visitors annually. Arches National Park saw 1.8 million visitors in 2023.
Listed in conjunction with Utah licensed broker Cushman & Wakefield U.S., Inc.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,480 SF
Building Class
B
Year Built
2024
Construction Status
Under Construction
Price
£2,201,054
Price Per SF
£176
Net Initial Yield
6.25%
NOI
£137,579
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
1.48 AC
Amenities
- Signage
- Roof Lights
- Storage Space
- Monument Signage
- Air Conditioning
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New Dollar General Market | E 500 S
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