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Dollar General
1101 East Hobsonway, Blythe, CA 92225
$3,150,000
Cap Rate 5.83%
Summary
| Price $3,150,000 | Built/Renov 2013 | Tenant Dollar General |
| Cap Rate 5.83% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
12,380
| Lease Start
12-01-2013
| #Units
19,294
|
| Price/SF $254.44 | Expiration
09-30-2028
| Tenant Type Dollar/Discount |
| NOI $183,762 | R. Term 4.9 | Ownership Fee Simple |
| Rent/SF
$14.84
| Increases 10.0%/5/yrs | Pop 5Mi 13,730 |
| Lot/AC 1.27 | Options 2/5yrs/10% | AHHI 5Mi $75,977 |
| | |
Lease Highlights
- Dollar General has 4+ years remaining on the current lease term with 2 (5-year) options to extend
- Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
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,...
...Features
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Signalized intersection
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Hard corner intersection
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Dense retail corridor
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Freeway close
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Top 100 MSA
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Absolute NNN
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Traded and rated company
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Corporate Guarantee
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Investment grade tenant
...
Maps
Tenant
- Tenant: Dollar General
- Guarantor:Corp T and Rated
- Company:Dollar General Corp.
- # Units:19,294
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NYSE: DG
About Tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...
...
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 |
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 |
