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Dollar General w/ Strong Demos | San Francisco Bay Area | Signalized Hard Corner Location

920 Tuolumne St, Vallejo (Bay Area), CA 94590

Listing Price: $3,820,109

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
6.2
Gross SF
11,357
Guarantor
Corporate Guarantee
Rentable SF
11,357
Price/Gross SF
$336.37
Lease Type
Double Net
Rent Per Square Feet
$18.49

Investment Overview

Vallejo is a waterfront city in Solano County, California, located in the North Bay subregion of the San Francisco Bay Area. The City is geographically the closest North Bay city to the inner East Bay, so it is sometimes associated with that region. It is the tenth most populous city in the San Francisco Bay Area, and the largest in Solano County. Vallejo is home to the California Maritime Academy, Six Flags Discovery Kingdom theme park, the former Mare Island Naval Shipyard, and the regional office for Region 5 of the United States Forest Service. Home to approximately 7.75 million people, Northern California’s nine-county Bay Area contains many cities, towns, airports, and associated regional, state, and national parks, connected by a complex multimodal transportation network. The larger federal classification, the combined statistical area of the region which includes fourteen counties, is the second-largest in California (after the Greater Los Angeles area), the fifth-largest in the United States, and the 41st-largest urban area in the world with 9.67 million people. The Bay Area’s population is ethnically diverse: for example, roughly half of the region’s residents are Hispanic, Asian, African American, or Pacific Islander, all of whom have a significant presence throughout the region.

Investment Highlights

  • Corporate Backed Lease Featuring 10% Rental Increases at Each Option. Complete Interior / Exterior Renovation in 2014.
  • Positioned Along Area's Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 30k Vehicles.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • A Short Drive from Six Flags Discovery Kingdom Featuring Nearly 2 Million Annual Visitors - 135-Acre Animal Theme Park - includes a Variety of Roller Coasters and other Amusement Rides. Six Flags is the World's Largest Regional Theme Park Company.
  • Minutes from Gateway Plaza - a 428k+ Sq.Ft. Shopping Center featuring more than 80 Stores and Near Numerous National Retailers including Target, The Home Depot, Lowe's, Costco, Best Buy, Marshalls, Ross, Michael's, Kohl's and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $102k and over 159k People Residing within a 5-Mile Radius.
  • In Close Proximity to Vallejo Auto Mall - North Bay's Premier Resource for New and Used Cars. Home to such World Class Automotive Brands such as Cadillac, Chevrolet, Hyundai, Mazda, Toyota and many more.
  • Near Solano County Fairgrounds - the Site of Numerous Public & Private Events throughout the Year. It Generates approx. $14M+ in spending activity Annually, benefiting the Local Economy and Creating a Ripple Effect of Economic Benefits for California. Walking Distance from Vallejo High School, with an Enrollment of more than 1,530+ Students, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

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Dollar General w/ Strong Demos | San Francisco Bay Area | Signalized Hard Corner Location

Listing Price: $3,820,109

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
6.2
Gross SF
11,357
Guarantor
Corporate Guarantee
Rentable SF
11,357
Price/Gross SF
$336.37
Lease Type
Double Net
Rent Per Square Feet
$18.49

Investment Highlights

  • Corporate Backed Lease Featuring 10% Rental Increases at Each Option. Complete Interior / Exterior Renovation in 2014.
  • Positioned Along Area's Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 30k Vehicles.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • A Short Drive from Six Flags Discovery Kingdom Featuring Nearly 2 Million Annual Visitors - 135-Acre Animal Theme Park - includes a Variety of Roller Coasters and other Amusement Rides. Six Flags is the World's Largest Regional Theme Park Company.
  • Minutes from Gateway Plaza - a 428k+ Sq.Ft. Shopping Center featuring more than 80 Stores and Near Numerous National Retailers including Target, The Home Depot, Lowe's, Costco, Best Buy, Marshalls, Ross, Michael's, Kohl's and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $102k and over 159k People Residing within a 5-Mile Radius.
  • In Close Proximity to Vallejo Auto Mall - North Bay's Premier Resource for New and Used Cars. Home to such World Class Automotive Brands such as Cadillac, Chevrolet, Hyundai, Mazda, Toyota and many more.
  • Near Solano County Fairgrounds - the Site of Numerous Public & Private Events throughout the Year. It Generates approx. $14M+ in spending activity Annually, benefiting the Local Economy and Creating a Ripple Effect of Economic Benefits for California. Walking Distance from Vallejo High School, with an Enrollment of more than 1,530+ Students, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Vallejo is a waterfront city in Solano County, California, located in the North Bay subregion of the San Francisco Bay Area. The City is geographically the closest North Bay city to the inner East Bay, so it is sometimes associated with that region. It is the tenth most populous city in the San Francisco Bay Area, and the largest in Solano County. Vallejo is home to the California Maritime Academy, Six Flags Discovery Kingdom theme park, the former Mare Island Naval Shipyard, and the regional office for Region 5 of the United States Forest Service. Home to approximately 7.75 million people, Northern California’s nine-county Bay Area contains many cities, towns, airports, and associated regional, state, and national parks, connected by a complex multimodal transportation network. The larger federal classification, the combined statistical area of the region which includes fourteen counties, is the second-largest in California (after the Greater Los Angeles area), the fifth-largest in the United States, and the 41st-largest urban area in the world with 9.67 million people. The Bay Area’s population is ethnically diverse: for example, roughly half of the region’s residents are Hispanic, Asian, African American, or Pacific Islander, all of whom have a significant presence throughout the region.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

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