E 500 S - Freestanding FOR SALE


Blanding, UT 84511
$2,806,000 USD
415-269-0599
E 500 S, Blanding, UT for Sale
$2,806,000 USD
Freestanding - FOR SALE
1/5
null | 6.25% Cap Rate

E 500 S
Blanding, UT 84511


HIGHLIGHTS

  • Build to suit construction for Dollar General as a Dollar General Market
  • New 15 year absolute triple net lease
  • Rent increases by 5% every 5 years through base term and options.
  • Dollar General is an investment grade tenant with an S&P rating of “BBB”
  • Dollar General has over 20,000 stores nationwide
  • Blanding is located along US Highway 191, which is regularly traveled by tourists, and is south of Moab and northwest of Hovenweep National Monument

OVERVIEW

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 36 on-site parking spaces and is set to be completed in November 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. Moab is an hour’s drive north or 75 miles from Blanding and acts as the gateway for Canyonlands National Park and Arches National Park. Scenic red rock formations surround the town. There is access to world-class mountain biking and hiking, as well as opportunities to river raft Cataract Canyon and Desolation Canyon on the Colorado River. Moab itself sees between three to five million visitors annually. Arches National Park saw 1.8 million visitors in 2023. Listed in conjunction with Utah licensed broker Cushman & Wakefield U.S., Inc.

FOR SALE DETAILS

PRICE

$2,806,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,602 SF

ZONING

-

APN/PARCEL ID

36S22E352407

ASK ABOUT THIS PROPERTY

Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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Andrew BogardusCushman & WakefieldMore Info
415-269-0599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.