Dollar General Store | San Miguel

Highlights:

• HIGH-PERFORMING ABSOLUTE NNN LOCATION - 7.4+ Years Remaining. 15 Years Renewal Options. Rent Increases Throughout
• HIGH-GROWTH PASO ROBLES WINE REGION - 50+ Wineries Within 20 Miles. 8.6 Million Cases Of Wine Produced Annually
• $1.9 BILLION REGIONAL ECONOMIC IMPACT - 1.6+ Million Visitors Annually
• ZERO LANDLORD RESPONSIBILITY. GUARANTEED CORPORATE LEASE - No Management Required. Completely Passive Rental Income
• NATIONAL INVESTMENT-GRADE TENANT [NYSE:DG] - #111 Fortune 500 Companies. $38B Revenue. S&P Investment Grade BBB

Description:

TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a Dollar General Store located in San Miguel, California. This property features an absolute NNN lease with zero landlord responsibilities. The lease runs through July 2032, with three 5-year renewal options and 10% rent increases at each renewal.

San Miguel benefits from its proximity to major economic hubs such as San Luis Obispo and the Central Coast while serving as a gateway to the renowned Paso Robles Wine Country. The region has experienced tremendous growth, with the wine industry expanding from just 50 wineries in 2000 to over 250 today, spanning thousands of acres of vineyards. This thriving industry plays a crucial role in the local economy, contributing to the more than $9 billion in tourism spending across California’s Central Coast in 2023.

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