Listed by NNNet Advisors San Francisco
$1,879,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,030
Cap Rate 7.75%
NOI $145,643
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 09/30/2028
Remaining Term 2.2
Rent Bumps Yes
Lease Options (3) - 5 Year Options Remaining
Year Built 2013
Buildings 1
Acreage 1.170
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 7.75% CAP | 9,030 SqFt
Marketing description
The subject property consists of 9,030 SF of improved building area on approximately 1.17 acres of total property. The improvement consists of a freestanding single-tenant building comprised of a Dollar General retail store.
This property is located in Paradise, CA, a northern California city in Butte County. It services both the large number of neighborhood residents as well as a regional shopping demand. This investment offers a qualified investor a long term investment grade opportunity in a busy regional retail location.
Investment highlights
- Building Constructed in 2013
- 2.25 Years Remaining on Initial Lease Term
- 10% Rent Increases in each of the 3 - (5) Year Options
- 100% Occupied Single Tenant Absolute NNN lease
- Tenant is Dollar General Corporation which has a current S&P Rating of BBB Stable and Moody's Rating of Baa3 Stable
- Average Daily Traffic Counts of 20,992 VPD on Skyway
Listing Contacts
Listed by NNNet Advisors San Francisco
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,643.00
$12,136.92/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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