848 S Highway 89 - Retail FOR SALE


Mount Pleasant, UT 84647
$2,831,400 USD
415-269-0599
848 S Highway 89, Mount Pleasant, UT for Sale
$2,831,400 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate

848 S Highway 89
Mount Pleasant, UT 84647


HIGHLIGHTS

  • Build to suit construction for Dollar General
  • Under construction with a new 15 year triple net lease
  • Five 5-year options with 5% rental increases every 5 years through the base term and options
  • Dollar General is an investment grade tenant with an S&P rating of “BBB”
  • Dollar General has over 20,000 stores nationwide
  • Mount Pleasant is located along US Route 89, 110 miles south of Salt Lake City and an hour south of Provo

OVERVIEW

Cushman & Wakefield is pleased to offer for sale a newly constructed Dollar General property nearing completion. The building spans approximately 10,542 square feet and includes roughly 40 on-site parking spaces. It is leased to DG Retail, LLC, a Tennessee limited liability company, and is guaranteed by Dollar General Corporation under a 15-year triple net (NNN) lease commencing upon receipt of the certificate of occupancy, anticipated December 1, 2025. The annual rent is $162,144, with the tenant responsible for all taxes, insurance, and common area maintenance, including the roof, structure, and parking lot. The lease features 5% rental increases every five years throughout the base term, as well as five additional 5-year renewal options. In association with Cushman & Wakefield Utah licensee.

FOR SALE DETAILS

PRICE

$2,831,400 USD

PRICE/SF

$269 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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