Dollar General - 4127 E John L Ave
5% Increases Every 5 | Corproate Guaranty
Marketing description
Matthews™ is pleased to exclusively offer a brand new 2026 build-to-suit Dollar General property located at 4127 E John L Ave, Kingman, Arizona. This investment features a 15-Year Absolute NNN lease with zero landlord responsibilities, backed by a corporate guarantee from Dollar General Corporation (S&P Rated BBB). The property is a Dollar General PLUS prototype, offering a larger 10,566 SF building with attractive 5% rent increases every 5 years. Located on Historic Route 66, the property benefits from strong visibility and traffic, with approximately 12,333 vehicles per day on Highway 66.
The lease includes five 5-year extension options, all of which include a 5% rent increase, providing significant long-term upside potential. Kingman is known as the "Heart of Historic Route 66" and serves as one of the best stops in Arizona for road-trip culture, western history, and desert scenery. The city is strategically positioned just 100 miles south of Las Vegas, Nevada, providing excellent connectivity and access to a strong regional trade area. The 5-mile population of approximately 43,980 residents supports consistent demand for retail services.
Dollar General operates approximately 21,000 locations nationwide and continues to expand its footprint for the foreseeable future. The company has proven to be one of the most profitable retailers through the COVID-19 pandemic, with a market cap of approximately $25 billion. This offering represents an exceptional opportunity to acquire a brand-new, corporate-guaranteed absolute NNN investment with minimal landlord responsibilities and long-term income stability.
Investment highlights
- Brand new 2026 build-to-suit construction for Dollar General
- 15-Year Absolute NNN lease w/ zero landlord responsibilities
- Dollar General PLUS prototype (larger 10,566 SF building)
- Attractive 5% rent increases every 5 years
- Corporate guaranteed lease from Dollar General Corporation (S&P Rated BBB)
- 5-Mile population of ±43,980 residents
- Five, 5-Year extension options, all of which include a 5% rent increase
- Kingman is known as the "Heart of Historic Route 66" and is one of the best stops in Arizona for road-trip culture, western history, and desert scenery
- Kingman is located just 100 miles south of Las Vegas, NV
- Dollar General operates ±21,000 locations and plans to continue their expansion for the foreseeable future
- Dollar General has an investment-grade credit rating of BBB (S&P)
- Dollar General was considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
- Dollar General has a market cap of ± 25 billion
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