New Dollar General | 48043 90th St W
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New Dollar General 48043 90th St W
10,640 SF Retail Building Lancaster, CA 93536 £1,982,728 (£186/SF) 6.50% Net Initial Yield
Investment Highlights
- Build to suit construction for Dollar General
- Three five-year options with 10% rental increases at the start of each option
- Dollar General has over 20,000 stores nationwide
- New 15 year triple net lease
- Dollar General is an investment grade tenant with an S&P rating of “BBB”
- Located in northern Los Angeles County
Executive Summary
Cushman & Wakefield Net Lease Group is pleased to offer an approximate 10,460 square foot single story Dollar General retail building with approximately 43 on-site parking spaces that is leased to Dolgen California, LLC, with a guaranty by Dollar General for 15 years with an annual rent of $164,736. The lease is triple net, with the tenant responsible for taxes, insurance, common area maintenance including roof, structure and parking lot. There are three five year options to extend the lease with 10% increases at the start of each option.
Located in northern Los Angeles County, Antelope Valley spans approximately 94 square miles, making it the largest city in Los Angeles County by land area. With its unique blend of urban amenities and natural beauty, Antelope Valley has become an appealing destination for residents and visitors alike.
As the most populous county in the United States, Los Angeles County (Population: 9,992,643) boasts a thriving economy that spans diverse sectors and drives innovation and growth. Located in Southern California, this county is renowned for its vibrant communities, rich cultural heritage, and the city of Los Angeles.
Located in northern Los Angeles County, Antelope Valley spans approximately 94 square miles, making it the largest city in Los Angeles County by land area. With its unique blend of urban amenities and natural beauty, Antelope Valley has become an appealing destination for residents and visitors alike.
As the most populous county in the United States, Los Angeles County (Population: 9,992,643) boasts a thriving economy that spans diverse sectors and drives innovation and growth. Located in Southern California, this county is renowned for its vibrant communities, rich cultural heritage, and the city of Los Angeles.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2023
Price
£1,982,728
Price Per SF
£186
Net Initial Yield
6.50%
NOI
£128,877
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
2.38 AC
Parking
43 Spaces (4.04 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Roof Lights
- Storage Space
- Air Conditioning
PROPERTY TAXES
Parcel Number | 3264-010-025 | Improvements Assessment | £0 |
Land Assessment | £203,515 | Total Assessment | £203,515 |
PROPERTY TAXES
Parcel Number
3264-010-025
Land Assessment
£203,515
Improvements Assessment
£0
Total Assessment
£203,515
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New Dollar General | 48043 90th St W
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