489 N Main St - Auto Repair FOR SALE


Panguitch, UT 84759
$2,656,000 USD
415-269-0599
489 N Main St, Panguitch, UT for Sale
$2,656,000 USD
Auto Repair - FOR SALE
1/3
null | 6.25% Cap Rate

489 N Main St
Panguitch, UT 84759


HIGHLIGHTS

  • Under Construction Build-to-Suit for Dollar General
  • Estimated August 2026 opening with a new 15-year Absolute NNN lease, providing passive, management-free ownership
  • Strong Rent Growth Profile with 5% rental increases every 5 years throughout the base term and all option periods
  • Five (5) Five-Year Renewal Options, offering long-term income durability and inflation protection
  • Investment Grade Tenant (S&P: BBB), backed by a nationally recognized credit
  • Dollar General operates 20,000+ locations nationwide, demonstrating proven scalability and tenant stability

OVERVIEW

Cushman & Wakefield is pleased to exclusively offer for sale an approximately 9,100-square-foot, single-tenant retail property leased to Dollar General under a new 15-year lease term. The building is currently under construction and is anticipated to open in August 2026. The lease is structured as triple-net (NNN) and includes five (5), five-year renewal options, providing investors with a stable, long-term income stream and built-in protection against inflation. Panguitch, Utah, is strategically located in the Sevier River Valley and serves as the county seat of Garfield County. The local economy is supported by a diverse mix of tourism, agriculture, and small business activity. While ranching and farming continue to play an important role in the region, tourism has emerged as the primary economic driver due to Panguitch's proximity to some of the most visited recreational destinations in the western United States. Visitors traveling through the area generate significant economic activity by supporting local hotels, restaurants, retailers, fuel stations, and outdoor recreation businesses. Positioned along several major scenic highways, Panguitch serves as a convenient gateway for travelers exploring Southern Utah. One of Panguitch's greatest economic advantages is its close proximity to Bryce Canyon National Park, one of Utah's premier tourist destinations. Renowned for its breathtaking red rock hoodoos, panoramic viewpoints, and extensive hiking trails, Bryce Canyon attracts millions of visitors annually from around the world. Many of these visitors choose to stay in Panguitch, benefiting the local hospitality and service sectors through lodging, dining, and recreational spending.

FOR SALE DETAILS

PRICE

$2,656,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

07-0063-0017

ASK ABOUT THIS PROPERTY

Andrew BogardusCushman & WakefieldMore Info
415-269-0599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Andrew BogardusCushman & WakefieldMore Info
415-269-0599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.