JUST LISTED: Dollar General Golden Valley (Kingman), AZ | $1.150M - 5.22% Cap Rate

5181 AZ-68 Golden Valley, AZ 86413

5181 AZ-68, Golden Valley, AZ, 86413
5181 AZ-68, Golden Valley, AZ, 86413
Property Type:
Single Tenant Retail (NNN)
Cap Rate:
Last Verified:
Mar 07, 2022

* Single-tenant Dollar General investment opportunity, offering ±6 years remaining on a double-net (NN) lease with two (2), five (5) year renewal options. * Strong rental increases during each renewal option, with an approximately 18.7% increase during the first option period and 12% increase during the second option period. The first rental increase will provide a 97-basis point increase to the cap rate for a new investor. * Dollar General (NYSE: DG) operates ±17,915 total stores in 46 states and plans to open 1,110 additional new stores in 2022. (Source: dollargeneral.com). * Dollar General has an investment-grade S&P credit rating of “BBB.” * Dollar General strategically positions its stores in rural and suburban locations to serve markets with limited shopping options. The company’s low-cost growth strategy allows it to grow aggressively. As a result, Dollar General leads in planned retail openings for 2022 in terms of both number of locations and total square feet (Source: GlobeSt.com, 2022). * Dollar General is paying a low rent of $6.63 per square-foot. * The property is located on a large, ±131,029 square-foot (±3.01 acre) parcel, which provides a new investor with future development opportunity. * Less than 15 minutes east of the property is the city of Kingman, the county seat of Mohave County, with a population of over 32,000 (Source: Esri). Kingman is ideally located off America’s major East-West Corridor, Interstate Highway 40 and intersects Highway 93, which runs from Las Vegas to Phoenix. I-93 is also the future I-11 corridor running from Canada to Mexico. * Nearby national retailers include Maverik, Chevron, Sonic, Subway, Family Dollar, and more.

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.