520 N 35th Ave
Phoenix, AZ 85009
Retail Property For Sale

New construction Absolute NNN Dollar General in Phoenix, AZ. The 15-year lease term includes a corporate guaranty, and three 5-year extension options, with rental increases at the start of each option period. Construction is estimated to be completed and the store open for business on 10/15/2018. The subject property is located just off of Van Buren Street, which sees traffic counts of 29,348 vehicles per day, and is easily accessible from Interstate 10, which benefits from traffic counts in excess of 253,500 vehicles per day. This store is one of Dollar General’s new urban prototypes, which features beer and wine, a “Grab & Go” section of snacks, beverages and fresh foods, and has a smaller footprint than the more rural locations. With a population exceeding 383,000 within a 5-mile radius, Dollar General benefits from a more densely-populated area than what other locations are accustomed to. Dollar General generated $23.5 billion in sales in fiscal 2017 and in excess of $1.54 billion in net income. Dollar General currently operates over 14,609 stores in 44 states, making it the country’s largest small-box discount retailer. The company has an S&P rating of BBB, which has been raised five times since 2009, and is a better credit rating than its main competitors.