11 Az-92Bisbee, AZ 85603

Property Details for 11 Az-92

Year built

2024

Lot size

1.47 AC

Property size (Sq ft)

10,566 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Bisbee

County

Cochise

State

Arizona

Latitude

31.425

Longitude

-109.893

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