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DOLLAR GENERAL NET LEASED INVESTMENT 1602 10th St

10,890 SF Retail Building Reedley, CA 93654 £1,075,869 (£99/SF) 8% Net Initial Yield

Executive Summary

The Subject property is ideally positioned at the hard corner intersection of 10th Street and F Street, creating excellent street
frontage and visibility, as well as, allowing for ease of access and convenience for the consumer. Dollar General is located
within close proximity to strong nearby national / credit tenants, including: CVS Pharmacy, Bank of America, Citibank, WellsFargo, and Chase bank. Strong demographics in the immediate trade area include: 50,200 plus consumers/daytime employees,
and average household income of nearly $62,200, and a projected 2025 population growth of 3% within a 5-mile radius of the subject property.
Dollar General is responsible for all Taxes, Insurance and CAM. Lessor is responsbile for Roof, Structure and Parking lot replacement.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,890 SF
Building Class
C
Year Built/Renovated
1958/2014
Price
£1,075,869
Price Per SF
£99
Net Initial Yield
8%
NOI
£86,070
Tenancy
Single
Number of Floors
1
Building FAR
0.58
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
CC
Parking
25 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
156 ft on 10th St

Amenities

  • Pylon Sign
  • Signage
  • Wheelchair Accessible
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 10,890 SF
  • -
  • NNN
  • Jan 2029

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 10,890 SF - NNN Jan 2029
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase Bank
Mechanics Bank
Bank of America
Bank of the Sierra
Starbucks
Me-N-Ed's Pizzeria

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
368-171-01
Land Assessment
£120,166
Improvements Assessment
£1,442,013
Total Assessment
£1,562,179
  • Listing ID: 33449568

  • Date on Market: 08/10/2024

  • Last Updated:

  • Address: 1602 10th St, Reedley, CA 93654

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