Listed by Elevate Net Lease
$1,804,533
DG - Ranked 74th Percentile - 7.5% Cap
Details
Property Type Retail, Office
Sub Type Convenience Store, Grocery Store
Square Footage 9,142
Cap Rate 7.50%
NOI $135,340
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Expiration 11/30/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options (3) 5 Year Options
Price per SqFt $197
Year Built 2014
Acreage 1.420
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Retail | 7.50% CAP | 9,142 SqFt
Marketing description
This property features a 9,142 SF Dollar General retail building situated on 1.42 acres in Lake Isabella, California. The asset is positioned near Bakersfield within an established Central California trade area and serves 7,310 residents within a 5-mile radius. The location ranks in the 74th percentile nationally on Alpha Maps, demonstrating strong location fundamentals. This California net lease opportunity offers an attractive 7.5% cap rate with an Absolute NNN lease structure, providing no landlord responsibilities.
Investment highlights
- 74th Percentile Alpha Maps Ranking - Strong location fundamentals ranking above the majority of comparable retail locations nationwide.
- Investment-Grade Dollar General Tenant - Corporate-backed lease with one of the nation's largest discount retailers.
- Absolute NNN Lease - No landlord responsibilities with tenant responsible for taxes, insurance, and all property expenses.
- Attractive California Cap Rate - One of the higher-yielding net lease opportunities currently available in California.
- 9,142 SF Retail Building - Large-format Dollar General store designed for long-term operational success.
- Situated on a Large Acreage Parcel - Significant land component enhances long-term real estate value and flexibility.
- Contractual Rental Increases - Built-in rent growth through each option period provides inflation protection and increasing cash flow.
- Strategic Location Near Bakersfield, California - Positioned within an established Central California trade area.
- 7,310 Residents Within a 5-Mile Radius - Serves as a key retail destination for the surrounding community.
- Essential Retail Business Model - Discount retail tenant serving daily consumer needs across all economic cycles.
- California Net Lease Opportunity - Rare chance to acquire a single-tenant net lease asset with strong yield characteristics in California.
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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