Dollar General NNN Investment
21818 West Harding Avenue Wittmann, AZ 85361
21818 West Harding Avenue, Wittmann, AZ, 85361
$1,720,000
For Sale
$1,720,000
Freestanding Dollar General with absolute NNN lease in Wittmann, Arizona.
Property Size9,002 SF
Lot Size1.69 Acres
Price / SF$191.07
Days on Market113
Property Features for 21818 West Harding Avenue
General Information
- Standard status
- Active
- Size
- 9,002 SF
- Lot size
- 1.69 Acres
- Property subtype
- Retail
Listing agency
Phoenix Commercial Advisors
(602) 342-9931
Listed by
Isaiah Clayton · License #SA536326000
Source
Phoenixcommercialadvisors
Added: Apr 1 Updated: Jul 10 at 1:16PM Checked: Jul 10 at 1:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Phoenix Commercial Advisors
Investment Insights
Based on property information with market context.
This freestanding Dollar General property, built in 2018, is situated on a large approximately 1.69-acre lot. The property is corporately guaranteed by Dollar General (NYSE: DG), an investment-grade-rated tenant operating over 20,500 stores across 48 states. The store outperforms its local counterparts in Surprise by traffic volume. The property benefits from high visibility along U.S. Route 60, the main arterial connecting Wickenburg and Phoenix. Several major planned housing developments surround the property, including Walden Ranch (1,572 units) and Rancho Maria (383 units), totaling 509 acres. Located in Wittmann, within the Surprise planning area, the area is transitioning from rural to suburban. The property is located just a mile south of BNSF’s planned $3.2 billion, 4,300-acre rail facility, which will include a multi-use business/industrial park and a large manufacturing distribution center, bringing 77,000 jobs to the region and facilitating goods transportation for the growing industrial sector in the northwest valley. The building size is 9,002 square feet.
Key Highlights
- Absolute NNN Lease corporately guaranteed by Dollar General (NYSE: DG), an investment‑grade rated tenant.
- Located a mile from BNSF's planned $3.2 billion rail facility, projected to bring 77,000 jobs to the region.
- High visibility along U.S. Route 60, a major arterial connecting Wickenburg and Phoenix.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $24.00 |
| − Vacancy | −$14.0k | −$1.56 |
| EGI | $202.0k | $22.44 |
| − OpEx | −$50.5k | −$5.61 |
| NOI | $151.5k | $16.83 |
9,002 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.16M
$1.89M – $2.53M
NOI $151,504 @ 7.0% cap · market cap 8.81%
Second Best
Retail
$1.62M
$1.42M – $1.89M
NOI $113,501 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,919 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Freestanding Dollar General with absolute NNN lease in Wittmann, Arizona.
Where is this grocery and convenience store located?
The property is located at 21818 West Harding Avenue Wittmann, AZ.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: Absolute NNN Lease corporately guaranteed by Dollar General (NYSE: DG), an investment‑grade rated tenant.; Located a mile from BNSF's planned $3.2 billion rail facility, projected to bring 77,000 jobs to the region.; High visibility along U.S. Route 60, a major arterial connecting Wickenburg and Phoenix.
