Dollar General NNN Retail
For Sale
Contact for pricing
375 North Huachuca Boulevard, Huachuca City, AZ 85616
Build-to-suit retail facility with a double-net lease structure and a national tenant.
Property Size9,014 SF
Price / SF$100.04
Days on Market63
Property Features for 375 North Huachuca Boulevard
General Information
Standard status
Active
Size
9,014 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$78,000
Building Details
Year Built
2004
Year Renovated
2023
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap
Listed By:
Daniel Hurd · License #FL SL3301193
Source:
Crexi
Added: Jun 29
Changed: Aug 30
Last Checked: Aug 30 at 2:21AM
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 Marcus & Millichap
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,186
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,163,720
$1.2M
Cap Rate 7%
$831,229
$831.2K
Cap Rate 9%
$646,511
$646.5K
Market Conditions
NOI Build-Up for 9,014 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $93,498 @ 7.0% cap · market cap 10.37%
Second Best
Retail
$831.2K
$727.3K – $969.8K
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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
