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Dollar General

1101 East Hobsonway, Blythe, CA 92225

$3,300,000

Cap Rate 5.57%

DOM: 541 Updated: 11.25.24 Posted: 11.08.23 Status: Active

Summary

Price $3,300,000
Built/Renov 2013
Tenant Dollar General
Cap Rate 5.57%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,380
Lease Start 10-01-2013
#Units 19,986
Price/SF $266.56
Expiration 07-31-2034
Tenant Type Dollar/Discount
NOI $183,762
R. Term 9.3
Ownership Fee Simple
Rent/SF $14.84
Increases 10.0%/5/yrs
Pop 5Mi 13,730
Lot/AC 1.27
Options 6/5yrs/10%
AHHI 5Mi $75,977

Patrick Nutt
SRS National Net Lease Group
Contact

William Wamble
SRS National Net Lease Group
Contact

Lease Highlights

  • Dollar General has 9+ years remaining on the current lease term with 6 (5-year) options to extend
  • Lease features 10% rental increases at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease | Investment grade tenant

Location Description

Dollar General is located at the signalized, hard corner intersection of E Hobsonway and N 9th St., with access to 14,300 vehicles passing by daily. The property is ideally positioned off I-10 (30,000 VPD), providing direct on/off ramp access for travelers. The immediate trade area is supported by national retailers such as AutoZone, Rite Aid, Starbucks, Dollar Tree, and more. Additionally,...

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Key Features

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Freeway close

  • Top 100 MSA

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Dollar General Wikipedia Dollar General Wikipedia Blythe, California Zip Code 92225 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,692 12,438 13,920
2023 Total Population : 6,546 12,215 13,730
2023 Employed Civilian Pop : 2,821 5,083 5,703
2023 Total Businesses : 274 455 513
2023 Average Household Income : $ 71,923 $ 76,423 $ 75,977
2023 Total Consumer Spending : $ 148 M $ 293 M $ 337 M
2023 Median Age : 32 33 34
2023 Total Households : 2,356 4,402 5,074
2023 Pop Age 25+: Bachelor's Degree : 343 659 716
2023 Average Home Value : $ 180,282 $ 227,526 $ 230,466
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Hobsonway N 8th St 2005 11,058 0.10 mi
N 7th St E Hobsonway 2005 4,972 0.21 mi
S 7th St E Rice St 2005 6,952 0.23 mi
E Hobsonway N 7th St 2005 12,697 0.27 mi
I 10 S Sixth St 2021 27,750 0.36 mi
10 S Intake Blvd 2018 29,000 0.41 mi
10 S Sixth St 2018 29,000 0.43 mi
S 7th St E 14th Ave 2009 520 0.65 mi
E Hobsonway S 1st St 2005 13,564 0.67 mi
10 S First St 2018 28,300 0.69 mi

Listing Broker

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