New Dollar General
10,640 SF | Retail Building | Lancaster, CA 93536 | $2,636,000 ($248/SF) | 6.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,636,000
- Property Type
-
Retail
- Square Feet
- 10,640 SF
- Price / Square Foot
- $248
Listing Contacts
Andrew Bogardus
Verified Profile
- Property Info
Property Overview
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, Lancaster, California, 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, Lancaster 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, Lancaster, California, 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, Lancaster 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 Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding
Highlights
- Build to suit construction for Dollar General
- Opening soon with a new 15 year triple net lease
- Three five-year options with 10% rental increases at the start of each option
- Dollar General is an investment grade tenant with an S&P rating of “BBB”
- Dollar General has over 20,000 stores nationwide
- Located in northern Los Angeles County
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