Cap Rate
6.70%
Year Built
2022
Leasable Area
10,640 SF
Term Remaining
±13 Yrs
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2022 UPGRADED build-to-suit construction, which features high-level finishes and distinct design elements
- ±13 Years remaining on an initial 15-year Absolute NNN Lease – Zero Landlord Responsibilities
- The subject property is conveniently located off I-20 and is approximately 55 miles north of Sacramento
- Limited Competition – This is the only dollar store in Smartsville
- Corporate Guaranteed lease from Dollar General Corporation
- Average Household Income of $116,869
- Dollar General has ±19,600 locations and plans to continue their expansion for the foreseeable future
- Dollar General boasts an investment-grade credit rating of BBB (S&P)
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
Broker of Record
- David Harrington
- License No. 02168060 (CA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245