Listed by Summit Real Estate
$2,470,000
DOLLAR GENERAL
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 6.25%
NOI $154,330
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2029
Remaining Term 3
Rent Bumps Yes
Lease Options Four 5-year options
Price per SqFt $271
Year Built 2014
Acreage 0.780
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/15/2014
Ground Lease No
Dollar General | Bear Valley Rd | Absolute NNN
Marketing description
Dollar General Corporation is an American chain of discount retailers that specializes in providing affordable household essentials. Founded in 1939 by James Luther Turner and his son Cal Turner Sr. as "J.L. Turner and Son," the company officially transitioned to the Dollar General name in 1955. Today, it operates over 20,400 locations across 48 U.S. states and Mexico, with a strategic focus on serving rural and underserved communities where approximately 80% of its stores are located in towns with populations of 20,000 or fewer.
Investment highlights
- NNN Lease With a Corporate Guarantee from Dollar General
- Site is Positioned On Bear Valley Rd, One Of The Primary East-West Commercial Corridors within Apple Valley And Victor Valley Region
- Apple Valley Is Part Of The Rapidly Growing Victor Valley Region As Residents Migrate From Los Angeles And Coastal Markets Seeking More Affordable Housing, Supporting Long-Term Retail Demand.
- Bear Valley Rd Consists Of 60+ National Retailers and Restaurants
- Subject Property Is Located Within a Two-Hour Drive Of Both Los Angeles And Orange County
- Well Positioned Across from Ralphs Owned Food 4 Less and Next To Corporate Owned AutoZone
- Dollar General Historically Performs Well During Economic Downturns As Consumers Shift Toward Value-Oriented Retailers For Everyday Necessities, Supporting Consistent Store Performance Across Economic Cycles.
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,330.00
$12,860.83/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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