Building Details

Year Built 2004

Year Renovated 2023

Units 1

Tenancy Single

Listing Agency: Marcus & Millichap

Listed By: Daniel Hurd · License #FL SL3301193 Show Phone

Source: Crexi

Added: Jun 29 Changed: Oct 15 Last Checked: Oct 14 at 9:13PM

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Investment Insights

Based on property information with market context.

This build-to-suit retail building contains 9,014 square feet and was completed in 2004. The property is occupied by Dollar General under a double-net lease with 3.9 years remaining and a stated expiration of May 31, 2030. The lease includes one five-year option and a 7.7% rental increase. Tenant obligations include taxes, insurance, monthly common area maintenance, and minor repairs below $1,000, while the landlord remains responsible for the roof, structure, and parking lot.

The building fronts North Huachuca Boulevard, identified as Huachuca City’s primary north-south route, with reported traffic of 14,725 vehicles per day. Huachuca City is approximately one hour southeast of Tucson, Arizona. Population counts have increased since 2020, with comparable growth projected through 2030.

Key Highlights

• 9,014‑square‑foot build‑to‑suit retail building completed in 2004
• Dollar General occupancy under a double‑net lease
• 3.9 years remaining; lease expires May 31, 2030

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,186

Cap Rate

6.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,163,720 $1.2M

Cap Rate 7%

$831,229 $831.2K

Cap Rate 9%

$646,511 $646.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,014 SF

Gross rent

$102.8K $11.40/SF

− Vacancy

−$19.6K −$2.18/SF

EGI

$83.1K $9.22/SF

− OpEx

−$24.9K −$2.77/SF

NOI

$58.2K $6.46/SF

Area

Cochise County, AZ

Vacancy

19.11%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,163,720

Cap Rate 7%

$831,229

Cap Rate 9%

$646,511

Alternative Uses

Best Use

Specialty Retail

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,498 @ 7.0% cap · market cap 10.37%

Second Best

Retail

$831.2K

$727.3K – $969.8K (±1% cap)

NOI $58,186 @ 7.0% cap · market cap 6.45%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Building Supply Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

123

Businesses Nearby

25k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Circle K Shops & Services

20,116 visits/mo 0.2 miles

Dollar General Shops & Services

4,772 visits/mo 0.1 miles

Demographics for 85616, AZ

5,110

Population

2,421

Households

2.1

Avg Household Size

52

Median Age

26%

College-Educated

93%

High-School Grad

150.3 sq mi

ZIP Area

34

Density / Sq Mi

$50,515

Median Household Income

$40,820

Median Earnings

$937

Median Rent

$157,600

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

NNN property - Build-to-suit retail facility with a double-net lease structure and a national tenant.

Where is this nnn property located?

The property is located at 375 North Huachuca Boulevard Huachuca City, AZ.

What is the asking price?

The asking price for this property is $901,734.

What are key features of this property?

This property features: 9,014‑square‑foot build‑to‑suit retail building completed in 2004; Dollar General occupancy under a double‑net lease; 3.9 years remaining; lease expires May 31, 2030