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New Dollar General 0 5th St

10,640 SF Retail Building San Joaquin, CA 93660 £2,235,178 (£210/SF) 7% Net Initial Yield

Investment Highlights

  • Build to suit construction for Dollar General
  • 5% rental increases every 5 years through the primary term and options
  • Located 30 miles southwest of Fresno in the California Central Valley
  • New 15-year triple net lease
  • Lease is absolute net with no landlord obligations
  • San Joaquin, in Fresno County, is approximately 34 miles from Fresno Yosemite International Airport (FAT)

Executive Summary

Cushman & Wakefield New Lease Group is pleased to offer a presale where a buyer funds the construction of an approximate 10,640± square foot retail building with the developer overseeing and managing every step of the project. This can possibly qualify for a 1031 Improvement Exchange (See Offering Memorandum).
Located in Fresno County, the city of San Joaquin, California was established during the 18th century by Spanish missionaries. The city’s roots delve deep into California’s rich past, drawing further attention during the 19th-century California Gold Rush that lured prospectors in search of fortune. Significant change to the region came in the early 20th century when the visionary entrepreneur Dennis Avery recognized the agricultural potential of the surrounding desert lands, catalyzing a remarkable economic shift through the expansion of farming and ranching. Today, these industries stand as pillars of the city’s flourishing economy, alongside a dynamic hospitality sector and thriving agricultural endeavors.
As San Joaquin continues to evolve, the potential for further economic development becomes evident. Local businesses are embracing sustainable growth initiatives, with a focus on eco-tourism that showcases the region’s natural resources and promotes conservation efforts. The city stands at the crossroads of preserving its rich history while embracing a future that celebrates its unique identity as a haven of natural beauty and cultural significance within the enchanting landscape of Fresno County.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
£2,235,178
Price Per SF
£210
Net Initial Yield
7%
NOI
£156,460
Tenancy
Single
Number of Floors
1
Building FAR
0.27
Lot Size
0.89 AC
Opportunity Zone
Yes

Amenities

  • Signage
  • Roof Lights
  • Storage Space
  • Air Conditioning
  • Listing ID: 30346837

  • Date on Market: 12/12/2023

  • Last Updated:

  • Address: 0 5th St, San Joaquin, CA 93660

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