Department Store

Dollar General

1930 N St, Newman, CA 95360

Listing Price: $3,400,000

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
8.2
Guarantor
Limited Corporate Guarantee
Rentable SF
12,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.66

Investment Overview

Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers save money and time every day by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Newman is located in the Modesto Metropolitan Area, in California’s Stanislaus County. The city’s estimated population is over 11,700 people. Newman is centrally located to many of the state’s attractions, and is within a two-hour drive from several large cities, including San Francisco, Napa, Sacramento, Fresno, and Bakersfield.

Investment Highlights

  • Triple-Net (NNN) Lease with Dollar General Corporate - 10 Percent Rental Increases in Renewal Options
  • 18,981 Residents within a Five-Mile Radius - Modesto MSA
  • Prime Location on Newman's Main Thoroughfare (N Street/CA-33)
  • Across from Nob Hill Foods Anchored Center
  • Surrounded by National Retailers - Rite Aid, Taco Bell, Burger King, AutoZone, Subway, Chevron and More
  • Average Household Income Exceeds $80,000 in Immediate Area
  • Limited Competition - Subject Property is the Only Discount/Dollar Store Serving the Newman Area

Exclusively Listed By

Broker of Record

  • Steven J. Seligman

    First Vice President/Regional Manager

    License(s): CA: 00605407

    California

Department Store

Dollar General

Listing Price: $3,400,000

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
8.2
Guarantor
Limited Corporate Guarantee
Rentable SF
12,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.66

Investment Highlights

  • Triple-Net (NNN) Lease with Dollar General Corporate - 10 Percent Rental Increases in Renewal Options
  • 18,981 Residents within a Five-Mile Radius - Modesto MSA
  • Prime Location on Newman's Main Thoroughfare (N Street/CA-33)
  • Across from Nob Hill Foods Anchored Center
  • Surrounded by National Retailers - Rite Aid, Taco Bell, Burger King, AutoZone, Subway, Chevron and More
  • Average Household Income Exceeds $80,000 in Immediate Area
  • Limited Competition - Subject Property is the Only Discount/Dollar Store Serving the Newman Area

Investment Overview

Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers save money and time every day by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Newman is located in the Modesto Metropolitan Area, in California’s Stanislaus County. The city’s estimated population is over 11,700 people. Newman is centrally located to many of the state’s attractions, and is within a two-hour drive from several large cities, including San Francisco, Napa, Sacramento, Fresno, and Bakersfield.

Exclusively Listed By

Broker of Record

  • Steven J. Seligman

    First Vice President/Regional Manager

    License(s): CA: 00605407

    California

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