For Sale
$1,920,000

11 Az-92Bisbee, AZ 85603

High-yield Dollar General investment. NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 10,566-square-foot Dollar General store situated on a 1.47-acre lot in Bisbee, Arizona. Built in 2024, the property boasts ample parking, prominent pylon signage, and convenient ingress/egress. The property is leased under an absolute NNN lease structure, offering the investor zero landlord responsibilities. The lease features a substantial 15-year base term with three 5-year options, each including a 10% rental increase. The current net operating income (NOI) stands at $126,792, yielding a compelling 6.60% cap rate on the asking price of $1,920,000 ($181.71 per square foot). Dollar General, a highly reputable investment-grade tenant (S&P credit rating of BBB), operates nearly 20,000 stores nationwide. The property benefits from its location, with strong traffic counts on nearby SR-80 (6,343 vehicles per day) and Highway 92 (2,436 vehicles per day) (Source: Land Vision, CoStar, 2022). Furthermore, the surrounding community thrives, exhibiting an average household income exceeding $65,000 within a 15-mile radius (2023 data). The property's proximity to Sierra Vista (population 45,479, less than 25 miles away) further enhances its appeal. The property's address is 11 AZ-92, Bisbee, AZ 85603, APN 103-72-052. The seller is motivated to close before the year's end.

Highlights

  • 10,566 SF Dollar General built-to-suit on a 1.47-acre lot with ample parking, pylon signage, and excellent access.
  • Absolute NNN lease, 15-year base term, zero landlord responsibilities, 10% rent increases every 5 years for three 5-year options.
  • Investment-grade tenant Dollar General (S&P BBB rating), the nation's largest small-box discount retailer.
  • High traffic counts: SR-80 (6,343 VPD), Highway 92 (2,436 VPD) (Source: LandVision, CoStar, 2022).
  • Strong demographics: Average household income over $65,000 within 15 miles (2023 data).
  • Less than 25 miles from Sierra Vista (population 45,479).

Property Details for 11 Az-92

Property type
Retail properties, Retail space
Square Feet
10,566 SF
Year Built
2024
Lot Size (sq. ft)
64,033 SF

Location Insight

City
Bisbee
County
Cochise
State
Arizona
Latitude
31.425042
Longitude
-109.89305
11 Az-92, Bisbee, Arizona

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11 Az-92
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