New Dollar General
Gateway to Maple Canyon Rec Area | Built-to-Suit Construction | Exceptional AHHI
Marketing description
Cushman & Wakefield is pleased to offer for sale a recently opened Dollar General property nearing completion. The building spans approximately 10,542 square feet and includes roughly 40 on-site parking spaces. It is leased to DG Retail, LLC, a Tennessee limited liability company, and is guaranteed by Dollar General Corporation under a 15-year triple net (NNN) lease commencing upon receipt of the certificate of occupancy, anticipated December 1, 2025. The annual rent is $169,884, with the tenant responsible for all taxes, insurance, and common area maintenance, including the roof, structure, and parking lot. The lease features 5% rental increases every five years throughout the base term, as well as five additional 5-year renewal options.
In association with Cushman & Wakefield Utah licensee.
Investment highlights
- Brand New Build-to-Suit Construction for Dollar General
- Recently Opened with a new 15-year Absolute NNN lease, providing passive, management-free ownership
- Strong Rent Growth Profile with 5% rental increases every 5 years throughout the base term and all option periods
- Five (5) Five-Year Renewal Options, offering long-term income durability and inflation protection
- Investment Grade Tenant (S&P: BBB), backed by a nationally recognized credit
- Dollar General operates 20,000+ locations nationwide, demonstrating proven scalability and tenant stability
- Essential Retailer with a recession-resistant business model
- Corporate Lease Structure (no franchise risk), enhancing credit reliability
- Located in Mount Pleasant along U.S. Route 89, a primary north-south corridor with strong regional connectivity
- Positioned 110 miles south of Salt Lake City and approximately 1 hour south of Provo, benefiting from spillover growth and accessibility
- Strategically located to serve a wide rural trade area with limited direct competition, enhancing store performance and tenant stickiness
- Nearby national and regional retailers include Family Dollar and Maverik, reinforcing retail demand in the corridor
- Average Household Income: $91,122 within a 10-mile radius
- Population: 10,420 within a 10-mile radius, with limited retail supply supporting strong per-store sales
- Growing Secondary Market with increasing demand for essential retail services
- Easy access and visibility along a well-traveled regional route
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