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88 W 5th Street - Dollar General, Douglas, AZ

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88 W 5th Street - Dollar General

Douglas, AZ 85607-2851

Property Type:Retail Sub Type:- Status:Existing Year Built:-
Building Size:9,014 SF Land Area:.98 AC (42,689 SF)
For Sale Price:$975,000 Price/SF:$108.17
Cap Rate:8.00 %

Sale Notes:
SRS is pleased to present the opportunity to acquire the fee simple interest (land and building) in a Dollar General located in Douglas, Arizona. Built in 2004, the lease has approximately 2 years remaining in the initial term with three (3) five (5) year options at increases. The NN lease has minimal landlord responsibilities that are limited to roof, structure, HVAC, and parking lot. Dollar General contributes $300 per month to Landlord as a contribution for its cost of care and maintenance of the parking lot. In addition the parking lot was sealed and re-striped in April 2017. In 2011 Dollar General exercised its first option four years early at an increase in rent. The lease is guaranteed by Dollar General Corp (NYSE: DG) with an investment grade credit rating of BBB from Standard & Poor' s.

The subject property is located in a small, charming border community that was recently dubbed one of the nation' s best micropolitan areas. The Raul Castro point of entry, located less than 0.5 miles from subject property, is one of Arizona' s principle gateways for trade and tourism. In 2016, Douglas was the gateway for more than $4 billion worth of goods, more than 7.6 million people, 62,000 trucks, and 3.2 million cares in two-way traffic.

SRS National Net Lease Group
Jim Schuchert
(949) 270-8204

Joe Schuchert
(949) 698-1100

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