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DOLLAR GENERAL | ETNA, CALIFORNIA

Purchase Price
$1,556,440
Location
15 Telco Way
Cap Rate
7.25%
Annual Rent
$112,836.00
Building Size
9,100 SF
Land Area
1.43 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
6 Years
LEASE EXPIRATION
01/31/2031
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
31 Spaces
Year Built
2016
APN
056-274-160-000
Traffic Counts
2,483 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 6 Years Remaining in the Initial 15 Year Lease Term (Lease Exp: 01/31/2031)
  • 2016 Build-to-Suit Construction
  • 9,100 SF - 1.43 Acre Parcel
  • Three (3) - Five (5) Year Option Periods with 10% Rental Increases
 

ABSOLUTE NNN LEASE:

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

UPGRADED CONSTRUCTION:

  • CMU Block Facade
  • Wide Frontage
 

SCOTT VALLEY:

  • The Towns of Fort Jones, Etna, Greenview and Callahan Are Found Within Scott Valley
  • A Large, Scenic Rural Area of Western Siskiyou County
  • Known for its Vistas of the Marble Mountains, Cattle and Dairy Ranches, and its Historic Background as a Gold Mining Area, Dating Back to the Days of the California Gold Rush
 

PROXIMITY FROM ETNA:

  • Yreka, CA | 29 Miles
  • Mt. Shasta, CA | 60 Miles
  • Medford, OR | 80 Miles
  • Redding, CA | 124 Miles
  • Red Bluff, CA | 151 Miles
  • Chico, CA | 192 Miles
  • Reno, NV | 279 Miles
  • Sacramento, CA | 280 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile = 715 Residents | $69,720 Average Household Income
  • 5-Mile = 1,698 Residents | $81,534 Average Household Income
  • 10-Mile = 3,035 Residents | $84,468 Average Household Income
  • 15-Mile = 4,828 Residents | $80,036 Average Household Income
 

TENANT:

  • Dollar General Corporation (NYSE: "DG")
  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • Ranked #111 on the Fortune 500 List

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