Dollar General 376 Main St 15,786 SF Retail Building Chester, CA 96020 £2,261,302 (£143.25/SF) 5.83% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 376 Main Street presents the chance to acquire a one-story storefront building anchored by leading discount retailer Dollar General.
- Value-add opportunity for the new owner to fill the vacant 3,633-SF restaurant space formerly occupied by the Lake Almanor Tavern.
- Conveniently located on Main Street, this property receives great visibility from 5,442 vehicles passing daily.
- Surrounding retailers, dining, and services include Lola's, Ace Hardware, Sunshine Flowers florist, Ranch House, and Best Western.
- 376 Main Street is in the heart of Chester, a small town located at the base of Lassen Peak near the shores of Lake Almanor.
EXECUTIVE SUMMARY
Additionally, 376 Main Street houses a 12,153-square-foot Dollar General with eight years left on the lease and the potential for renewal at the end of the term. Dollar General is a leading discount retailer with over 16,000 stores in 44 states. The company remains true to the founding family's humble hard work ethic and commitment to friendly customer service.
376 Main Street is directly off Main Street/Highway 36, the primary thoroughfare for residents and tourists traveling throughout Chester. Many local attractions, lodging accommodations, and amenities surround the centrally located property, providing convenience to out-of-town visitors and residents checking items off their to-do lists.
Chester is a quaint Northern California town located on the shores of Lake Almanor in the shadow of the Lassen Peak volcano dome. This lavish community encompasses breathtaking meadows, forests, and streams. The area within a 5-mile radius of 376 Main Street has a population of 2,378 residents with an average household income of $96,195 annually.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- £10.76
- NNN
- -
DG is proud to be America’s neighborhood general store. We strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's 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. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | £10.76 | NNN | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 100-104-002-000 | Improvements Assessment | £1,953,927 |
| Land Assessment | £177,626 | Total Assessment | £2,131,553 |
