About This Restaurant
Investment Highlights
LONG-TERM LEASE - 7.8+ Years Absolute NNN. 3 Of 5-Years Renewal Options With 10% Rent Increases DG CORPORATE INDICATED EXTENDING TENANCY - Contact Andrew For Details $200M TOURISM ECONOMIC ENGINE - 96%+ Surveyed Expressed Region An Appealing Destination For Leisure Getaway TOP REGIONAL PERFORMER: #1 Local Store Destination. Ideal Demographics. Strong Passerby Traffic GATEWAY TO SPECTACULAR OUTDOORS DESTINATIONS - Iconic sites such as Mt Shasta, Shasta-Trinity National Forest, Lake Siskiyou, Mossbrae Falls NATIONAL INVESTMENT-GRADE TENANT - $37B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease
Executive Summary
TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale an absolute NNN Dollar General Store located in Dunsmuir, California. This Dollar General store is a prominent landmark visible from both sides of the Interstate 5 Freeway (20,400+ Vehicles Per Day), and has triumphantly served as the #1 destination in town for everyday necessities since 2016. Consequently, Dollar General has expressed interest in extending the lease for 15 years at this location. This is a tremendous upside on this investment (please contact Andrew for details). Dunsmuir, located just 4 hours north of San Francisco Bay Area along Interstate 5, serves as a gateway to a multitude of spectacular destinations including Mt. Shasta, Lake Siskiyou, Shasta Lake, Shasta-Trinity National Forest, Castle Crags State Park, and a myriad of enchanting waterfalls and scenic trails. This region is a haven for outdoor activities, including hiking, skiing, fishing, river rafting, and kayaking. Just 15 miles from Dunsmuir, the College of Siskiyous boasts a picturesque 250-acre campus at the base of Mount Shasta, making it one of the state?s most scenic community college campuses.
Property Details
- Sale Type Investment NNN
- Sale Conditions 1031 Exchange 1031 Exchange Build to Suit 1031 Exchange
- Property Type Retail
- Property Subtype Storefront Storefront General Retail Drugstore General Retail Fast Food General Retail Freestanding Storefront
- Building Size 9,026
- Building Class C
- Year Built 2016
- Price 2,447,630
- Price Per SF 271
- Cap Rate 6.50
- NOI 159,096
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.25
- Land Acres 0.84 AC
Property Taxes
Parcel Number | 058-013-330-000 | Improvements Assessment | $656,187 |
Land Assessment | $2,241,974 | Total Assessment | $2,898,161 |
Date Created: | 2024-07-16 04:09:24 | Last Updated: | 2024-07-16 04:09:24 |
Address: | 5130 Florence Loop , Dunsmuir, California, 96025 |