Dollar General | ABS NNN | 8% Cap Rate | California
Retail | 8.00% CAP | 9,002 SqFt
Marketing description
Matthews is pleased to present 322 Crescent St, Greenville, CA 95947, a single-tenant retail property occupied by Dollar General. This 2018 built-to-suit construction features an Absolute NNN lease with no landlord responsibilities, providing a passive investment opportunity backed by an investment-grade tenant with corporate guarantee from Dollar General Corp. (S&P:BBB), a Fortune 500 Company (NYSE:DG).
The property benefits from limited competition in a strong location within the rural mountain community of Greenville, located in Plumas County in Northern California's Sierra Nevada region. With approximately 7.1 years of term remaining and three additional 5-year options with 10% increases, this investment offers an attractive return with an above-average market yield. Dollar General's e-commerce and recession-proof business model provides additional security for investors seeking stable income and long-term value appreciation.
Investment highlights
- Investment Grade Tenant and Corporate Guarantee from Dollar General Corp. (S&P:BBB), a Fortune 500 Company (NYSE:DG)
- Absolute NNN Lease with No Landlord Responsibilities
- Limited Competition in A Strong Location
- Attractive Return Providing an Above Average Market Yield
- E-Commerce and Recession Proof Company
- ±7.1 Years of Term Remaining and an Additional Three, 5-Year Options with 10% Increases
- 2018 BTS Construction
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