Listed by Marcus & Millichap - San Diego
$2,800,726
DOLLAR GENERAL w/ STRONG DEMOS | TOP 5% PERFORMING LOCATION
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 12,600
Cap Rate 6.75%
NOI $189,049
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Expiration 03/30/2029
Remaining Term 2.7
Rent Bumps Yes
Class A
Year Built 1950
Year Renovated 2014
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ranked Top 5% per Placer.ai | Strong Performing Location
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/309889/dollar-general
Investment highlights
- Corporate Backed Lease Featuring 10% Rental Increases at Each Option. Complete Interior / Exterior Renovation in 2014. Strong Performing Location Per Placer.ai: Ranked Top 5% in the Chain Nationally based on Foot Traffic.
- Positioned Along Area’s Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 28k Vehicles.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s and Annual Revenue Exceeding $42.72 Billion.
- The Pace of Development in Antioch has Spurred Activity for Financial and Insurance Institutions, Contractors, and other Types of Service-Oriented Businesses.
- The Site is Located near Antioch's Industrial Hub - Near Numerous Light Industrial, Manufacturing Plants and Distribution Centers including Amazon, Pet Food Express, Oakley and more.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $100k and over 168k People Residing within a 5-Mile Radius.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
- In Close Proximity to Century Plaza - A 538k+ Sq.Ft. Shopping Center featuring more than 50 Stores and is Anchored by a Target, Burlington, Ross Dress for Less, PetSmart and many more.
- Minutes from Somersville Towne Center - A 65+ Store Regional Shopping Mall, and the only Enclosed Regional Shopping Mall in East Costa County.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$189,049.00
$15,754.08/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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