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Dollar General Fortuna

650 S Fortuna Blvd, Fortuna, CA 95540

Listing Price: $2,559,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.3
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.01

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Fortuna, California. This building sits on a 0.75 acre lot and was recently built in 2014. The property is spacious with 9,026 square feet, more than the company tenant average of 7,400 square feet. The current lease term has more than 8 years remaining and allows for three, five-year options. The tenant has a strong corporate guarantee with an investment grade credit rating of BBB with the S&P 500. The lease is NNN. Fortuna, California is located in Northern California near the Pacific Coast. The area is surrounded by State and National Parks and Forests, including the Redwood National Forest, Humboldt Redwoods State Park, Shasta Trinity National Forest, Medocino National Forest, among others. Dollar General as a tenant is a leader in general merchandise with its no-nonsense, efficiency-focused store design. The target client is the low- and fixed-income family with basic home needs for less than ten dollars. Dollar General also strategically chooses locations that are far from major retailers, mitigating competitive risk. The growing company boasts more than 16,700 stores across the country.

Investment Highlights

  • Dollar General Reported Record Quarterly Sales During COVID-19 Pandemic
  • Newer Construction - Built in 2014
  • Strong Corporate Guarantee with Investment Grade Credit Rating of S&P BBB
  • More than Eight Years Left on Current Lease Term with Three, Five-Year Options
  • NNN Lease

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Listing Price: $2,559,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.3
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.01

Investment Highlights

  • Dollar General Reported Record Quarterly Sales During COVID-19 Pandemic
  • Newer Construction - Built in 2014
  • Strong Corporate Guarantee with Investment Grade Credit Rating of S&P BBB
  • More than Eight Years Left on Current Lease Term with Three, Five-Year Options
  • NNN Lease

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Fortuna, California. This building sits on a 0.75 acre lot and was recently built in 2014. The property is spacious with 9,026 square feet, more than the company tenant average of 7,400 square feet. The current lease term has more than 8 years remaining and allows for three, five-year options. The tenant has a strong corporate guarantee with an investment grade credit rating of BBB with the S&P 500. The lease is NNN. Fortuna, California is located in Northern California near the Pacific Coast. The area is surrounded by State and National Parks and Forests, including the Redwood National Forest, Humboldt Redwoods State Park, Shasta Trinity National Forest, Medocino National Forest, among others. Dollar General as a tenant is a leader in general merchandise with its no-nonsense, efficiency-focused store design. The target client is the low- and fixed-income family with basic home needs for less than ten dollars. Dollar General also strategically chooses locations that are far from major retailers, mitigating competitive risk. The growing company boasts more than 16,700 stores across the country.

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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