SRS Real Estate Partners – West, LLC is pleased to present the opportunity to a Dollar General property located in Yarnell, Arizona. The subject property was built in 2016 and the lease has 11.50 years remaining in the initial 15-year lease term with three (3) – five (5) year option periods at 10% rental increases. The lease is absolute NNN with ZERO management responsibilities as Dollar General is responsible for ALL operating expenses, insurance, and reimburses property taxes. The lease is guaranteed by Dollar General Corp (NYSE: DG) with an investment grade credit rating of BBB from Standard and Poor’s.
The subject property is strategically located on Highway 89, the northern Arizona route connecting Yarnell to Prescott, Sedona & Flagstaff. Yarnell is located approximately 46 Miles SW of Prescott, AZ; 58 Miles NW of Surprise, AZ; 90 Miles NW of Phoenix, AZ; 129 Miles SW of Flagstaff, AZ; 157 Miles East of Lake Havasu, AZ & 235 Miles SE of Las Vegas, NV. The 10-mile trade area is supported by a population of 3,580 residents with an average household income of $60,589.