For Sale
$1,350,000

2406 American AveOracle, AZ 85623

High-Yield NNN Leased Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 9,016 square foot Dollar General store located at 2406 W American Ave, Oracle, AZ 85623. Built in 2005 on a 1.01-acre lot (APN 308-56-001F), this Class B retail property boasts a strong 100% occupancy rate under a Net Lease (NNN) agreement with a corporate guarantee. The lease has a remaining term of 4 years, providing immediate cash flow and long-term stability. The property generates a substantial Net Operating Income (NOI) of $67,650, resulting in a compelling 5.01% cap rate. Priced at $1,350,000 ($149.73/sq ft), this single-tenant property benefits from its strategic location on a main thoroughfare, ensuring high visibility and consistent traffic. The tenant, Dollar General, enjoys a unique position as the only dollar store and effectively the sole grocer in Oracle, AZ, eliminating direct competition and securing its dominant market presence. In 2021, the tenant extended their lease by an additional 5 years, demonstrating a significant long-term commitment to the location. This investment offers a rare opportunity to acquire a stable, low-risk asset with a strong corporate guarantee and a commanding local market share. The property is zoned CB-2.

Highlights

  • High-visibility location on a major Tucson thoroughfare with excellent traffic counts.
  • Tenant recently extended lease for five years, demonstrating strong commitment.
  • Stable investment opportunity with a corporate guarantee and dominant market presence.

Property Details for 2406 American Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,016 SF
Class
B
Year Built
2005
Lot Size (sq. ft)
43,996 SF
Units
1

Location Insight

City
Oracle
County
Pinal
State
Arizona
Latitude
32.6204193
Longitude
-110.7994596
2406 American Ave, Oracle, Arizona

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2406 American Ave
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