For Sale
$2,806,000

0 Main StBlanding, UT 84511

High-return NNN lease; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market in Blanding, Utah. The property boasts a 15-year absolute triple-net (NNN) lease commencing November 1, 2024, with a built-in 5% rent increase every five years, ensuring consistent income growth. The tenant, Dollar General, is a highly reputable, investment-grade company (S&P rating of "BBB") operating over 20,000 stores nationwide, providing significant financial stability. Located on S Main St in Blanding, this strategically positioned property benefits from its proximity to US Highway 191, a major thoroughfare for tourists visiting nearby Moab, gateway to Canyonlands and Arches National Parks (attracting 3-5 million visitors annually). The 1.28-acre lot includes 36 parking spaces. The building, constructed in 2024, offers 100% occupancy and a current Net Operating Income (NOI) of $175,392, resulting in a compelling 6.25% cap rate. The lease includes five 5-year renewal options. The average household income within a 5-mile radius is $92,184, indicating a strong local market. This property represents a secure, high-yield investment with significant long-term potential. The property is approximately a 2.8-mile, 5-minute drive from Blanding Municipal Airport. Other area tenants include Ace Hardware, Subway, 7-Eleven, Super Splash Car Wash, and Blue Mountain Hospital.

Highlights

  • Build-to-suit Dollar General Market, 12,480 square feet.
  • New 15-year absolute triple-net (NNN) lease commencing November 1, 2024, with 5% rent increases every 5 years.
  • Investment-grade tenant (Dollar General) with an S&P rating of "BBB," corporate guarantee provided.
  • Dollar General operates over 20,000 stores nationwide.
  • Blanding, UT location on US Highway 191, near Moab and Hovenweep National Monument, high tourist traffic.
  • High-traffic location near Moab, gateway to Canyonlands and Arches National Parks, attracting 3-5 million annual visitors; $175,392 NOI; 6.25% cap rate; $2,806,000 asking price.

Property Details for 0 Main St

Property type
Retail properties, Grocery and convenience stores
Square Feet
12,480 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
55,757 SF
Units
1

Location Insight

City
Blanding
County
San Juan
State
Utah
Latitude
37.618861
Longitude
-109.47765
Main St, Blanding, Utah

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0 Main St
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