0 Main StBlanding, UT 84511

Property Details for 0 Main St

Year built

2024

Lot size

1.28 AC

Property size (Sq ft)

12,480 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Blanding

County

San Juan

State

Utah

Latitude

37.6189

Longitude

-109.478

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