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Dollar General 121 S Washington St

12,697 SF Retail Building Afton, WY 83110 $2,719,000 ($214/SF) 6.25% Cap Rate

Investment Highlights

  • New 15-year absolute NNN lease to major national tenant with over 19,000 locations nationwide
  • Zero landlord management obligation with tenant responsible for taxes, insurance, and all maintenance including roof and structure
  • Lease is guaranteed by Dollar General Corporation, over $37 billion in 2023 revenue – very strong corporate guarantee
  • Property provides ideal investment opportunity to passive and out of area investors

Executive Summary

This Dollar General is prominently located along Highway 89, Afton’s main thoroughfare, offering high visibility and ease of access. This prime location benefits from a steady flow of traffic, drawing both local residents and travelers exploring the region. Situated in the heart of Afton, this property is conveniently close to the town’s key amenities and residential areas, ensuring a constant stream of customers throughout the day. Within a 30-mile radius lies the Bridger-Teton National Forest, a renowned destination for outdoor activities. This natural attraction brings additional foot traffic to the area, boosting business opportunities for nearby stores, including Dollar General. Afton serves as a central stop for tourists traveling along the scenic Star Valley and heading toward national parks like Yellowstone, just 90 minutes away. This influx of visitors creates additional potential for businesses to attract a diverse customer base. Star Valley High School, a significant local institution, is located half a mile away, ensuring regular traffic from students, staff, and families, further supporting foot traffic to Dollar General and nearby businesses

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,697 SF
Building Class
B
Year Built
2024
Price
$2,719,000
Price Per SF
$214
Cap Rate
6.25%
NOI
$169,919
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.75 AC
Parking
45 Spaces (3.54 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning
  • Listing ID: 33764092

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 121 S Washington St, Afton, WY 83110

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