DOLLAR GENERAL | BLYTHE, CALIFORNIA

Purchase Price
$3,062,700
Location
1101 E. Hobsonway
Cap Rate
6.00%
Annual Rent
$183,762.00
Building Size
12,380 SF
Land Area
1.27 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
8 Years
LEASE EXPIRATION
09/30/2028
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
50 Spaces
Year Built
2013
APN
851-061-012
Traffic Counts
3,212 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 7 Years Remaining in the Initial 15 Year Lease Term
  • 2013 Build to Suit Construction - 12,380 SF
  • Upgraded Construction - Four Sided CMU Block
  • Three (3) - Five (5) Year Option Periods with 10% Rental Increases
 

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
 

PROXIMITY FROM BLYTHE, CA:

  • Parker, Arizona | 51 Miles
  • Lake Havasu City, Arizona | 89 Miles
  • Palm Springs, California | 122 Miles
  • Phoenix, Arizona | 150 Miles
  • San Bernardino, California | 172 Miles
  • Las Vegas, Nevada | 207 Miles
  • San Diego, California | 216 Miles
  • Los Angeles, California | 226 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 7,334 Residents
  • 1-Mile Average Household Income = $71,749
  • 3-Mile Population = 13,661 Residents
  • 3-Mile Average Household Income = $73,861
  • 5-Mile Population = 16,269 Residents
  • 5-Mile Average Household Income = $69,731
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,000 Stores in 46 States as of November 13, 2021
  • Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
  • Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)

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