Main St Blanding, UT 84511
- Retail properties
- 12,480 SF
- 1.28 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Main St
- Year built
- 2024
- Lot size
- 1.28 lot acres
- Property size
- 12,480 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market in Blanding, Utah. The property boasts a 15-year absolute triple-net (NNN) lease commencing November 1, 2024, with a built-in 5% rent increase every five years, ensuring consistent income growth. The tenant, Dollar General, is a highly reputable, investment-grade company (S&P rating of "BBB") operating over 20,000 stores nationwide, providing significant financial stability. Located on S Main St in Blanding, this strategically positioned property benefits from its proximity to US Highway 191, a major thoroughfare for tourists visiting nearby Moab, gateway to Canyonlands and Arches National Parks (attracting 3-5 million visitors annually). The 1.28-acre lot includes 36 parking spaces. The building, constructed in 2024, offers 100% occupancy and a current Net Operating Income (NOI) of $175,392, resulting in a compelling 6.25% cap rate. The lease includes five 5-year renewal options. The average household income within a 5-mile radius is $92,184, indicating a strong local market. This property represents a secure, high-yield investment with significant long-term potential. The property is approximately a 2.8-mile, 5-minute drive from Blanding Municipal Airport. Other area tenants include Ace Hardware, Subway, 7-Eleven, Super Splash Car Wash, and Blue Mountain Hospital.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blanding
- County
- San Juan
- State
- Utah
- Longitude
- -109.478
- Latitude
- 37.6189