Listed by Elevate Net Lease
$1,804,533
2.5% Buy-Side Fee | ABS NNN Dollar General | 7.5% Cap
Details
Property Type Industrial, Office
Sub Type Convenience Store, Grocery Store
Square Footage 9,142
Cap Rate 7.5%
NOI $135,340
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 11/30/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options (3) 5-Year
Price per SqFt $197
Broker Co-Op Yes
Year Built 2014
Acreage 1.420
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Dollar General | 7.50% CAP | ABS NNN
Investment highlights
- High-Visibility Location Along CA-178 Regional Corridor – The Property is Located Along CA-178, a Primary Highway Connecting Lake Isabella to Surrounding Communities, Providing Strong Visibility and Consistent Traffic From Local Residents and Visitors
- Stable Population Base With Projected Growth – The Immediate Trade Area is Projected to Experience +1.32% Population Growth in the Next 5 Years within 1 Mile Radius of Site, Supporting Long-Term Consumer Demand
- Community-Focused Market Supporting Daily-Needs Retail – Lake Isabella Serves as a Central Hub for Nearby Residential Areas, Providing Reliable Demand for Retail, Dining, and Service-Oriented Businesses
- Proximity to Recreational Destinations Driving Additional Traffic – The Property Benefits From Its Location Near Lake Isabella, a Popular Outdoor and Destination, Attracting Visitors Year-Round and Supporting Local Commercial Activity
- Limited Retail Competition Enhancing Market Position – The Area Features a Lower Density of Commercial Development Compared to Urban Markets, Allowing Businesses to Capture Consistent Local and Visitor Demand
- Stable Secondary Market With Long-Term Investment Appeal – Positioned in a Growing Rural Submarket, the Property Benefits From Consistent Consumer Activity, Scenic Location Appeal, and Stable LongTerm Demand Drivers
Listing Contacts
Listed by Elevate Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,340.00
$11,278.33/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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