For Sale
$2,565,000

1008 Lone Pine Dam Rd Show Low, AZ 85901

High-Yield NNN Retail Investment, Arizona

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, 12,668 square foot Dollar General Market situated on a 1.51-acre lot in Show Low, Arizona. Built in 2024, this freestanding retail property boasts a 15-year absolute NNN lease with a highly desirable tenant: Dollar General, the nation's largest small-box discount retailer. The lease includes built-in rent bumps of 5% every 5 years, ensuring consistent income growth throughout the term and five, 5-year renewal options. The property features 50 parking spaces and is strategically located on Highway 260, a major thoroughfare connecting to Highway 60, providing excellent visibility and accessibility. The strong tenant, Dollar General, generated $38.7 billion in sales and $1.7 billion in net income in fiscal year 2023, demonstrating financial stability and market dominance. This investment offers a compelling 6.50% cap rate with a current NOI of $166,725, representing a truly hands-off investment with zero landlord responsibilities. The property benefits from its proximity to other national retailers along Highway 60, further enhancing its appeal and potential for continued success. Show Low's location between Phoenix and Albuquerque also contributes to its growing population and economic activity. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with a secure, long-term lease. The property's strong fundamentals and location make it an ideal addition to any diversified investment portfolio.

Highlights

  • Brand-new 15-year Dollar General lease with 5% rent increases every 5 years.
  • 2024 build-to-suit construction.
  • Corporate-guaranteed lease from Dollar General (Fortune 500).
  • Absolute NNN lease; zero landlord responsibilities.
  • High-traffic location on Highway 260, connecting to Highway 60.
  • Strong co-tenancy with national retailers including Safeway, ACE Hardware, and Planet Fitness.

Property Details for 1008 Lone Pine Dam Rd

Property type
Retail properties, Freestanding property
Square Feet
12,668 SF
Year Built
2024
Lot Size (sq. ft)
65,776 SF

Location Insight

City
Show Low
County
Navajo
State
Arizona
Latitude
34.285943
Longitude
-110.111538

FAQs

What type of property is this?
Retail property - High-Yield NNN Retail Investment, Arizona
Where is the retail property located?
The property is located at 1008 Lone Pine Dam Rd Show Low, AZ.
What is the asking price?
The asking price for this property is $2,565,000.
What are key features of this property?
This property features: Brand-new 15-year Dollar General lease with 5% rent increases every 5 years.; 2024 build-to-suit construction.; Corporate-guaranteed lease from Dollar General (Fortune 500).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1008 Lone Pine Dam Rd
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