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Blythe, CA - Dollar General

$3,300,000

1101 E Hobsonway, Blythe, CA 92225

Active
Last Updated: 10/22/2024

5.56

Cap Rate

183,762

NOI

Details:
Cap Rate:    5.56%
NOI:    $183,762
Building Size:    12,380 sqft
Lot Area:    1.27 acres
Occupancy:    100%
Year Built:    2013
Floors:    1
Description:

• 5 years remaining with 2 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 19,400 locations in 47 states as of August 2023
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• This Dollar General Plus store with a footprint of 12,300 sq. ft

• Dollar General is located off the signalized, hard corner intersection of E Hobsonway and N 9th St averaging 14,300 VPD
• Ideally postioned off I-10 (30,000 VPD), providing direct on/off ramp access for travelers
• The immediate trade area is supported by surrounding retailers such as AutoZone, Rite Aid, Starbucks, Dollar Tree, and more
• This is the only Dollar General within a 20-mile radius

Map:
Location
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