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Dollar General, Janesville, CA

Dollar General

Price $2,277,000
Cap Rate 6.00%
NOI $136,584
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for all Taxes, Insurance, Utilities, Maintenance, and Repair, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases in Option Periods
Year Built 2019
Building Size 9,026 SF
Lot Size 1.78 Acres (77,537 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335

Investment Highlights

CORPORATE GUARANTEED LEASE WITH SCHEDULED RENT INCREASES
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Scheduled rental increases in option periods, providing a hedge against inflation

ABSOLUTE TRIPLE NET LEASE
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management
» Ideal investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s
» Dollar General’s yearly revenues exceed $23.5 billion
» Dollar General operates more than 15,000 locations in 44 states and has plans for significant future growth

HARD CORNER LOCATION WITH MINIMAL COMPETITION AND AFFLUENT DEMOGRAPHICS
» Located at the hard corner of U.S. Highway 395 and Main Street, with excellent visibility and access to 10,050 vehicles per day
» U.S. Highway 395 is a major transportation corridor and is the shortest route for traffic traveling from Reno to the northern end of the Interstate 5 corridor
» Main Street serves as Janesville’s primary commercial corridor
» Closest dollar store/Dollar General is 10 miles away in Susanville
» Average household incomes hovering around $90,000 within one-, three-, and five-mile radii

NEW 2019 CONSTRUCTION
» High-quality construction, scheduled to be completed in early 2019
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located at the hard corner of U.S. Highway 395 and Main Street, with excellent visibility and access to 10,050 vehicles per day. U.S. Highway 395 is a major transportation corridor and is the shortest route for traffic traveling from Reno to the northern end of the Interstate 5 corridor. Main Street serves as Janesville’s primary commercial corridor, and the property is close to local retailers, regional chains, and national tenants, including U-Haul and Pizza Factory. The site is surrounded by substantial amounts of ranch and forest land, as well as outdoor recreational areas like Honey Lake, Lake Leavitt, several national forests, and Janesville Park. The property is supported by an affluent customer base, with average household incomes hovering around $90,000 within one-, three-, and five-mile radii.

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