10255 Harbor AveMohave Valley, AZ 86440

Property Details for 10255 Harbor Ave

Year built

2008

Construction

STEEL FRAME

Lot size

1.07 AC

Property size (Sq ft)

9,014 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

224-28-031

APU

22428031

Description

This exceptional investment opportunity presents a fee-simple owned, single-tenant Dollar General store in Mohave Valley, Arizona. The 9,014 square foot building, constructed in 2008, sits on a 1.07-acre lot at 10255 Harbor Ave, 86440, enjoying high visibility and traffic on a main thoroughfare. The property boasts a strong 7.50% cap rate and a $102,000 NOI, backed by a corporate guarantee from Dollar General, a BBB-rated tenant with a proven track record and over 20,000 stores nationwide. The lease includes three 5-year options, ensuring long-term stability. This free-standing building offers passive income potential with significant leverage opportunities to achieve a return exceeding 12%. Additional parking lot rental income is a potential upside. The property's location within a market with limited competition further enhances its investment appeal. This is a rare chance to acquire a well-established, high-performing retail asset with a secure tenant and substantial growth potential. The asking price is $1,360,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,550,377

  6.5%

  $3,277,271

  7%

  $3,043,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,551,006

  Geo Method

  $4,551,006

• Alternative Use

  Use

  Valuation

  Residential

  $2,764,501

  Hospitality

  $2,532,268

  Educational

  $2,106,817

  Medical

  $2,179,274

  Retail

  $3,277,271

Location Insight

City

Mohave Valley

County

Mohave

State

Arizona

Latitude

34.8579

Longitude

-114.605

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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