New Dollar General | 840 Main st
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New Dollar General 840 Main st
12,480 SF Retail Building Beaver, UT 84713 $2,946,000 ($236/SF) 6.25% Cap Rate
Investment Highlights
- Build to suit construction for Dollar General
- Rent increases by 5% every 5 years through base term and options.
- Dollar General has over 20,000 stores nationwide
- New 15 year absolute triple net lease
- Dollar General is an investment grade tenant with an S&P rating of “BBB”
- Beaver is located along Interstate 15 between Salt Lake City to the north and Las Vegas to the south
Executive Summary
Cushman & Wakefield Net Lease Group is pleased to present an approximately 12,480 square-foot single-story retail building leased to DG Retail, LLC, a Tennessee limited liability company, and guaranteed by Dollar General for 15 years. The property has 37 on-site parking spaces and is set to be completed in December 2024.
Dollar General has more stores than any other retailer and is easily the largest dollar store chain. Founded in 1939, the company first went public under the Dollar General name in 1968 and grew to more than 6,000 stores with $6 billion in sales by the early 2000s. To strengthen its position for the long term, Dollar General is making significant investments, primarily in compensation and training for store managers given the critical role this position plays in their customer experience, as well as strategic initiatives.
Beaver, UT is positioned between the larger cities of Salt Lake City to the north and Las Vegas to the south, making it a convenient stop for travelers. The city is surrounded by picturesque landscapes, including the Tushar Mountains to the east, which offer some of the highest peaks in Utah, and vast desert plains to the west.
Listed in conjunction with Utah licensed broker Cushman & Wakefield U.S., Inc.
Dollar General has more stores than any other retailer and is easily the largest dollar store chain. Founded in 1939, the company first went public under the Dollar General name in 1968 and grew to more than 6,000 stores with $6 billion in sales by the early 2000s. To strengthen its position for the long term, Dollar General is making significant investments, primarily in compensation and training for store managers given the critical role this position plays in their customer experience, as well as strategic initiatives.
Beaver, UT is positioned between the larger cities of Salt Lake City to the north and Las Vegas to the south, making it a convenient stop for travelers. The city is surrounded by picturesque landscapes, including the Tushar Mountains to the east, which offer some of the highest peaks in Utah, and vast desert plains to the west.
Listed in conjunction with Utah licensed broker Cushman & Wakefield U.S., Inc.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
12,480 SF
Building Class
B
Year Built
2024
Construction Status
Under Construction
Price
$2,946,000
Price Per SF
$236
Cap Rate
6.25%
NOI
$184,128
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
2.78 AC
Opportunity Zone
Yes
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 03-0032-0059 | Improvements Assessment | $122,953 |
| Land Assessment | $39,980 | Total Assessment | $162,933 |
PROPERTY TAXES
Parcel Number
03-0032-0059
Land Assessment
$39,980
Improvements Assessment
$122,953
Total Assessment
$162,933
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Andrew Bogardus -
Cushman & Wakefield
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New Dollar General | 840 Main st
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