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DOLLAR GENERAL | ABSOLUTE NNN 21818 W Harding St 9,002 SF Retail Building Wittmann, AZ 85361 $1,720,000 ($191.07/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease, corporately guaranteed by Dollar General (NYSE: DG)--the largest publicly traded dollar store by market cap
- Limited competition in the immediate trade area, with the closest traditional grocery store located over 10 miles away
- As a part of Phoenix MSA, Wittmann is location within the Surprise planning area and will continue to see a transition from rural to suburban
- Dollar General is an investment grade tenant by all three major global credit rating agencies and operates 20,500+ stores across 48 states
- Dollar General does well at this location, outperforming its local counterparts in Surprise by traffic volume, according to Placer.ai
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,002 SF
Building Class
B
Year Built
2018
Price
$1,720,000
Price Per SF
$191.07
Cap Rate
6.50%
NOI
$111,756
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.69 AC
Zoning
C2
PROPERTY TAXES
| Parcel Number | 503-44-080C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $156,517 |
PROPERTY TAXES
Parcel Number
503-44-080C
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$156,517
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DOLLAR GENERAL | ABSOLUTE NNN | 21818 W Harding St
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