Dollar General
Quartzsite, AZ
Key Details
| Price: | $1,373,793 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $99,600 |
| Address: | 925 West Main Street, Quartzsite, Arizona 85346 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 8/16/2012 |
| Lease Expiration: | 8/31/2027 |
| Lease Term Remaining: | 2.5 Years |
| Rental Increases: | 10.00% At Start of Each Option Period |
| Lot Size: | 1.50 Acres |
| Building Size: | 9,026 SF |
| Year Built: | 2011 |
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 925 West Main Street, Quartzsite, Arizona 85346. The site consists of roughly 9026 rentable square feet of building space on an estimated 1.5-acre parcel of land. This Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 8/16/2012. The current annual rent is $99,600 and has scheduled increases of 10.00% At Start of Each Option Period.
About the Investment
- Investment Grade Guarantee | The subject property features a strong, investment grade credit, corporate guarantee.
- Absolute Triple Net (NNN) Lease | The subject property features an absolute triple net (NNN) lease, with zero landlord responsibilities.
- Strong Store Performance | According to Placer.AI, this Dollar General generates an estimated $1.7M in annual sales.
- Rental Increases in Option Periods | The subject investment property features 10% rental increases in the option periods, providing a hedge against inflation.
Key Details
| Price: | $1,373,793 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $99,600 |
| Address: | 925 West Main Street, Quartzsite, Arizona 85346 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 8/16/2012 |
| Lease Expiration: | 8/31/2027 |
| Lease Term Remaining: | 2.5 Years |
| Rental Increases: | 10.00% At Start of Each Option Period |
| Lot Size: | 1.50 Acres |
| Building Size: | 9,026 SF |
| Year Built: | 2011 |
Talk to the Pros
Jonathan Eckerd
jeckerd@nnnpro.com
License: AZ: SA663487000
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Broker of Record
Thomas Jonsson
NNN Properties - Arizona
License: BR695596000
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.