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489 N Main St
Panguitch, UT 84759
New Dollar General · Retail Property For Sale

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,100 SF
Building Class
C
Year Built
1961
Price
$2,656,000
Price Per SF
$291.87
Cap Rate
6.25%
NOI
$165,996
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.85 AC
Opportunity Zone
Yes
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)

Property Taxes

Property Taxes

Parcel Number
07-0063-0017
Land Assessment
$36,750
Improvements Assessment
$94,202
Total Assessment
$130,952
  • Listing ID: 40717989

  • Date on Market: 5/29/2026

  • Last Updated:

  • Address: 489 N Main St, Panguitch, UT 84759

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