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Discount

Dollar General

2326 Webb Ave, Lake Isabella, CA 93240

Listing Price: $2,858,000

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
10.8
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.04

Investment Overview

The subject property is a 2018 construction ±9,026 square foot Dollar General located in Lake Isabella (Kern County), California. The building was originally constructed on a build-to-suit basis for Dollar General and has been in operation for four years. Dollar General signed a fifteen-year absolute NNN lease, with 10% increases in each of the three, five-year options. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $49.5 billion and an annual revenue north of $28 billion.

Investment Highlights

  • 15 Year Absolute NNN Lease and Built in 2018 | 11 Years Remaining on Initial Term with 10% Increases in Each Option Period
  • Dollar General (NYSE: DG), a Publicly Traded Company With an Investment Grade Credit Rating of "BBB" by Standard & Poor's, has a Market Cap of $49.5 Billion and an Annual Revenue North of $28 Billion
  • Numerous National Retailers Nearby Including Wendy's, Safeway, McDonald's, AutoZone, Subway, Domino's Pizza, Speedway, Vons, Rite Aid, Burger King, O'Reily Auto Parts, Taco Bell, Grocery Outlet, & Mor
  • Major Attractions, as Lake Isabella is a Mecca for Hikers, Boaters, Water Skiers, Fishermen, Birders, Hunters, Wind Surfers, Kayakers, and Other Outdoor Recreationists
  • Centrally Located in the Heart of Lake Isabella On the Primary Thoroughfare of Lake Isabella Boulevard

Exclusively Listed By

Discount

Dollar General

Listing Price: $2,858,000

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
10.8
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.04

Investment Highlights

  • 15 Year Absolute NNN Lease and Built in 2018 | 11 Years Remaining on Initial Term with 10% Increases in Each Option Period
  • Dollar General (NYSE: DG), a Publicly Traded Company With an Investment Grade Credit Rating of "BBB" by Standard & Poor's, has a Market Cap of $49.5 Billion and an Annual Revenue North of $28 Billion
  • Numerous National Retailers Nearby Including Wendy's, Safeway, McDonald's, AutoZone, Subway, Domino's Pizza, Speedway, Vons, Rite Aid, Burger King, O'Reily Auto Parts, Taco Bell, Grocery Outlet, & Mor
  • Major Attractions, as Lake Isabella is a Mecca for Hikers, Boaters, Water Skiers, Fishermen, Birders, Hunters, Wind Surfers, Kayakers, and Other Outdoor Recreationists
  • Centrally Located in the Heart of Lake Isabella On the Primary Thoroughfare of Lake Isabella Boulevard

Investment Overview

The subject property is a 2018 construction ±9,026 square foot Dollar General located in Lake Isabella (Kern County), California. The building was originally constructed on a build-to-suit basis for Dollar General and has been in operation for four years. Dollar General signed a fifteen-year absolute NNN lease, with 10% increases in each of the three, five-year options. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $49.5 billion and an annual revenue north of $28 billion.

Exclusively Listed By

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