1008 Lone Pine Dam RdShow Low, AZ 85901

Property Details for 1008 Lone Pine Dam Rd

Year built

2024

Lot size

1.51 AC

Property size (Sq ft)

12,668 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Show Low

County

Navajo

State

Arizona

Latitude

34.2859

Longitude

-110.112

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