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Family Dollar, Trona, CA

Family Dollar

CA, United States

Price $1,600,000
Cap Rate
NOI
Lease Term 10 Years
Lease Type
Rental Increases 10% Increases Every 5 Years in Option Periods
Year Built 2015
Building Size 9,900 sq. ft.
Lot Size 1.78 Acres (59,677 SF)
Status Sold
Lead Broker Information Vince Aicale
Senior Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Senior Managing Director
415.228.9114
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

BRAND NEW, HIGH-CREDIT, 10 YEAR NET LEASE
» Corporate guaranteed lease by Family Dollar
» Scheduled rental increases of 10% every five years during the option period

STABLE NNN INVESTMENT WITH LOW MANAGEMENT RESPONSIBILITIES
» Family Dollar is responsible for all taxes, insurance, and maintenance, excluding exterior portions of the building, providing a passive investment
» Ideal, low-management investment for an out-of-area investor

EXTENSIVE RENOVATION OF BUILDING
» Trona General Store operated for 71 years from this location
» Extensive Renovation in 2015 including a brand-new roof with a 15-year transferable warranty and new HVAC
» Features the latest Family Dollar brand’s design and store concepts
» New parking lot paved in 2015

Click Here to Download Offering Memorandum


Property Description

SOLD

The site is located just off of Highway 178, Trona’s main thoroughfare. The property is conveniently located just two blocks from the Searles Valley Minerals plant, the largest employer in Trona. Tourist attractions, such as the Searles Lake Borax, Discovery landmark, and the Searles Valley Historical Society are within walking distance of the property, and the Trona Joint Unified School District is a mile away from the site. The store attracts customers from a broad trade area, which includes Valley Wells, Pioneer Valley, Inyo, Darwin, Panamint Springs and Storepipe Wells.

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