305 Birch St, Westwood, CA 96137
9,026 SF | Retail Building | Westwood, CA 96137 | $1,826,057 ($202/SF) | 7% Cap Rate
For Sale
Active
Asking Price $1,826,057
- Property Type
-
Retail
- Square Feet
- 9,026 SF
- Price / Square Foot
- $202
Listing Contacts
Bryan Webb
Property Overview
A corporate backed, absolute NNN leased Dollar General with zero landlord maintenance or expense responsibilities. The lease features 8+ years remaining with three, 5-year options, each with a 10% rent increase. Westwood (Lake Almanor) lies 100 miles northwest of Lake Tahoe and is known for its outdoor activities including boating, fishing, golf, hiking, cycling, bird watching, and proximity to Lassen Volcanic National Park.
Property Details
- Class
- B
- Year Built/Renovated
- 2017/2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 43,560 SF
Highlights
- Absolute NNN lease with no landlord responsibilities
- 10% rent increases during each option period
- Lease guaranteed by Dollar General Corporation (NYSE:DG), #108 on the Fortune 500 list of companies (S&P: BBB)
- Fee simple ownership
- This Dollar General lies along a truck route for the tenant, and is located approximately 7 miles from the only truck rest area within ~89 miles
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