5240 Az-90 Sierra Vista, AZ 85635

Property Details for 5240 Az-90

Year built

2024

Lot size

2.12 lot acres

Property size

10,566 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 10,566-square-foot Dollar General store in Sierra Vista, Arizona. Located on a 2.12-acre lot at 5240 AZ-90, 85635, this property boasts ample parking, pylon signage, and easy ingress/egress from a signalized intersection. The property benefits from a 15-year absolute NNN lease commencing February 28, 2024, and expiring February 27, 2039, with a remaining term of approximately 14.3 years. The lease includes three 5-year options with a 10% rent increase in each. The tenant, Dollar General, is a credit-rated, investment-grade tenant, the nation's largest small-box discount retailer. The property's strong location within a well-established retail corridor, near other national retailers such as Tractor Supply, Target, and Walmart, ensures high visibility and consistent traffic. The area also benefits from a high average household income exceeding $79,000 within a 15-mile radius (2022 data). High traffic counts on nearby highways 90 (17,943 VPD) and 92 (23,490 VPD) further enhance the property's appeal. The property is conveniently located three miles from downtown Sierra Vista and within six miles of Fort Huachuca, a significant military base with over 14,000 service members and families. The asking price is $2,575,000, representing a 6.25% cap rate and a price per square foot of $243.71. The net operating income (NOI) is $160,850. The property's proximity to numerous parks and recreational facilities adds to its overall desirability. This is a turnkey investment with minimal landlord responsibilities, offering significant long-term returns. The property's APN is 107-49-001Q.

Location Insight

City

Sierra Vista

County

Cochise

State

Arizona

Longitude

-110.24

Latitude

31.5545