DOLLAR GENERAL | BLYTHE, CALIFORNIA
INVESTMENT SUMMARY
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
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)