11 Az-92 Bisbee, AZ 85603
- Retail properties
- 10,566 SF
- 1.47 lot acres
Current Use by Public Records
- Retail properties
Property Details for 11 Az-92
- Year built
- 2024
- Lot size
- 1.47 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 situated on a 1.47-acre lot in Bisbee, Arizona. Built in 2024, the property boasts ample parking, prominent pylon signage, and convenient ingress/egress. The property is leased under an absolute NNN lease structure, offering the investor zero landlord responsibilities. The lease features a substantial 15-year base term with three 5-year options, each including a 10% rental increase. The current net operating income (NOI) stands at $126,792, yielding a compelling 6.60% cap rate on the asking price of $1,920,000 ($181.71 per square foot). Dollar General, a highly reputable investment-grade tenant (S&P credit rating of BBB), operates nearly 20,000 stores nationwide. The property benefits from its location, with strong traffic counts on nearby SR-80 (6,343 vehicles per day) and Highway 92 (2,436 vehicles per day) (Source: Land Vision, CoStar, 2022). Furthermore, the surrounding community thrives, exhibiting an average household income exceeding $65,000 within a 15-mile radius (2023 data). The property's proximity to Sierra Vista (population 45,479, less than 25 miles away) further enhances its appeal. The property's address is 11 AZ-92, Bisbee, AZ 85603, APN 103-72-052. The seller is motivated to close before the year's end.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bisbee
- County
- Cochise
- State
- Arizona
- Longitude
- -109.893
- Latitude
- 31.425
