New Dollar General
Retail | 6.25% CAP | 9,100 SqFt
Marketing description
Cushman & Wakefield is pleased to exclusively offer for sale an approximately 9,100-square-foot, single-tenant retail property leased to Dollar General under a new 15-year lease term. The building is currently under construction and is anticipated to open in August 2026. The lease is structured as triple-net (NNN) and includes five (5), five-year renewal options, providing investors with a stable, long-term income stream and built-in protection against inflation.
Panguitch, Utah, is strategically located in the Sevier River Valley and serves as the county seat of Garfield County. The local economy is supported by a diverse mix of tourism, agriculture, and small business activity. While ranching and farming continue to play an important role in the region, tourism has emerged as the primary economic driver due to Panguitch's proximity to some of the most visited recreational destinations in the western United States. Visitors traveling through the area generate significant economic activity by supporting local hotels, restaurants, retailers, fuel stations, and outdoor recreation businesses. Positioned along several major scenic highways, Panguitch serves as a convenient gateway for travelers exploring Southern Utah.
One of Panguitch's greatest economic advantages is its close proximity to Bryce Canyon National Park, one of Utah's premier tourist destinations. Renowned for its breathtaking red rock hoodoos, panoramic viewpoints, and extensive hiking trails, Bryce Canyon attracts millions of visitors annually from around the world. Many of these visitors choose to stay in Panguitch, benefiting the local hospitality and service sectors through lodging, dining, and recreational spending.
Investment highlights
- Under Construction Build-to-Suit for Dollar General
- Estimated August 2026 opening 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 Panguitch along U.S. Route 89, a primary north-south corridor offering strong regional connectivity throughout Southern Utah.
- Adjacent to Family Dollar, creating a dominant discount retail cluster that drives consistent consumer traffic through retail synergy.
- Positioned less than one mile from Intermountain Health Garfield Memorial Hospital, a major local employer and healthcare provider supporting daily traffic and long-term economic stability.
- Strategically situated along a heavily traveled tourism corridor connecting visitors to Bryce Canyon National Park, Zion National Park, and numerous other Southern Utah destinations.
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