Family Dollar

201 South Main Street, Bishop, CA

$2,715,000

Price

7%

Cap Rate

$190,000

NOI

Overview
Cap Rate
7%
NOI
$190,000
Building Size
16,334 sqft
Lot Area
0.38 acres
Occupancy
100%
Year Built
1954
Year Last Renovated
2019
Description

New Family Dollar Anchored Investment:
- New 10-year lease with four 5-year options
- Recent 2019 renovation
- Corporate guaranteed lease with Family Dollar, Inc.
- Family Dollar Inc. is a subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR; S&P: BBB-)
- Largest dollar store chain in the U.S. with 15,237 locations
- Record setting 2018 net sales of $22.82 billion
- Ranked #134 in the Fortune 500


Zero Dollar Store Competition: Only national dollar store serving the eastern side of the Sierra Nevada mountain range for 120 miles


Thriving Dollar Store Industry Investment: Dollar stores represent the biggest shift in brick and mortar retail in the past decade with the largest number of new store openings by category


Desirable High-Traffic I-395 Street Front Location: High visibility and identity on Interstate 395/Main Street, the main transportation and retail corridor in Bishop


Gateway To/From Iconic Tourism & Recreation Destinations: Millions of tourists pass through Bishop annually en route to Mammoth Mountain (2.5 million annual visitors), Yosemite National Park (4 million annual visitors), and Death Valley National Park (1.6 million annual visitors)

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery