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New Dollar General 848 S Highway 89 10,542 SF Retail Building Mount Pleasant, UT 84647 $2,831,400 ($268.58/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Build to suit construction for Dollar General
- Five 5-year options with 5% rental increases every 5 years through the base term and options
- Dollar General has over 20,000 stores nationwide
- Under construction with a new 15 year triple net lease
- Dollar General is an investment grade tenant with an S&P rating of “BBB”
- Mount Pleasant is located along US Route 89, 110 miles south of Salt Lake City and an hour south of Provo
EXECUTIVE SUMMARY
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.
In association with Cushman & Wakefield Utah licensee.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,542 SF
Building Class
C
Year Built
2025
Construction Status
Under Construction
Price
$2,831,400
Price Per SF
$268.58
Cap Rate
6%
NOI
$169,884
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.10 AC
NEARBY MAJOR RETAILERS
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New Dollar General | 848 S Highway 89
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