TUCSON, ARIZONA – California-based investor, Benson-DBS, LLC purchased the Dollar General located at 6780 N. Sandario Rd. in Tucson, from Damco Arizona Properties, LLC for $1,788,250 ($199 PSF) for the 8,990-square-foot store constructed in 2017. The property sits on a 1.4 acre lot.

Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction.

With thousands of retail stores announcing closures as consumers embrace online shopping. One company continues to rapidly expand its physical footprint and rake in profits year over year — Dollar General.

Business is booming for the Goodlettsville, Tennessee-based company as the nation’s largest dollar-store chain and it’s due in no small part to America’s growing appetite for groceries under shutdown.

Revenue at Dollar General leapt 28% during its latest quarter as the chain of 16,000 stores added more fresh and frozen food, while driving down costs and undercutting competitors by building out its own grocery distribution network. The moves have made Dollar General a critical source of affordable groceries and household staples, particularly in rural and low-income communities.

Dollar General has been working to fashion itself into a one-stop shop that brings together the items typically found in a drugstore, grocery store and big-box store, which has proven savvy as consumers continue to stock up on essential items, like groceries, cleaning products and pet food, which account for the vast majority of its business. Rival Dollar Tree, which relies more heavily on discretionary items like gifts, greeting cards and party supplies, said sales rose just 8%.

DCM Development Company LLC, (Chris Lechner, managing member) a Tucson-based Dollar General contractor, purchased 1.70 acres of vacant commercial land, located at the southwest corner of Highway 90 and Sunset Rd. in Huachuca City, AZ., from Robert Miscione for $257,500.

Dave Hammack represented the buyer in this transaction. Marisa Pigozzo with Tierra Antigua Realty in Sierra Vista, represented the seller.

For more information Dave Hammack should be reached at 520.546.2712.

To learn more, see RED Comp #7870.

TUCSON, ARIZONA — The Deerfield, Illinois-based retailer recently sold the 15,589-square-foot store at 4685 East Grant Road in Tucson to DS Tucson Landlord, LLC, an affiliate of SunTrust Equity Funding LLC, records show. The price equates to $416 per square foot.

The store is on 1.54 acres near Tucson Medical Center (TMC), a 641-bed regional hospital., a Mayo Clinic Care Network member.

The property at Swan and Grant is well established with drive-through pick-up window to deliver prescription and non-prescription drugs along with many other essential retail items during the COVID-19 pandemic.

The Walgreens was built in 1997 and sold with a new 15-year lease guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., the Parent Company. Walgreens has a 23-year operational history at this location and the new 15-year absolute NNN lease reflects their re-commitment to this location for the foreseeable future.

With a stable, recurring cash flow and single tenant, Walgreens-leased properties are often seen as the Gold Standard for investors. There were no outside brokers involved in the transaction.

This month, Walgreens at 11951 N 1^st Avenue in Oro Valley sold for $5.2 million ($342 PSF). The 15,120-square-foot building on 2.24 acres in Placita de Oro was sold by Tangerine Valley, LLC to a private California investor.

The property last sold in January 2003.

John Barnes of Colliers International in Phoenix handled the transaction.

For more information, Barnes can be reached at 602.222.5042.

To learn more, see RED Comps #7763 and #7843.

MARANA, ARIZONA – DR Horton purchased 17.4 acres on Tortolita Road, north of Moore Road, in for $900,000. The property was rezoned for 8,000-square-foot lots by the buyer and  buyer intends to plat it for up to 34-lots.

The property is located directly north of Tortolita Reserve, a Lennar Homes community that began in 2013.

Located on the Tortolita Foothills, the community will have easy access to I-10 freeway while being only a few minutes from golfing, shopping, dining and entertainment.

Thrac Paulette of Cantera Real Estate and Ben Becker with CBRE in Tucson handled the transaction.

For more information, Paulette should be reached at 520.904.5055 and Becker is at 520 323 5100.

To learn more, see RED Comp #7861.