Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners South Florida
$5,200,000
Dollar General Market - Bakersfield CA
Details
APN 124-110-22-00-9
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 18,827
Cap Rate 6.75%
NOI $351,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 15.1
Lease Expiration 07/31/2028
Remaining Term 2.1
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $276
Broker Co-Op Yes
Year Built 1952
Year Renovated 2013
Buildings 1
Stories 1
Acreage 2.000
Zoning C-1 (Neighborhood Commercial)
Parking Spaces 66 spaces
Parking Per SqFt 3.51
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/04/2013
Ownership Fee Simple
Retail | 6.75% CAP | 18,827 SqFt
Investment highlights
13-Year Operating History | 2+ Years Remaining | Corporate Guaranteed | Options to Extend
NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Dense Retail Corridor | Signalized, Hard Corner Intersection | High Traffic Counts | Excellent Visibility & Access
Local Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners South Florida
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$351,000.00
$29,250.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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