Dollar General | NorCal | Long Term NNN

  • Dollar General Riverbank CA OM 1
  • Dollar General Riverbank CA OM 6

Available $2,316,000 - Retail - Single Tenant
Cap Rate:  5.75%Size:  2 AcresTerm:  15 Print

 Investment Offering & Highlights

  • Built to suit construction for Dollar General
  • 15 year absolute net lease commencing upon opening
  • Dollar General is an investment grade tenant with an S&P rating of “BBB“
  • Scheduled rent commencement in September 2019
  • Three five-year options with 10% rental increases at the start of each option
  • Dollar General has over 15,000 stores nationwide
  • Tenants in the immediate area include The Home Depot, Target, Staples, Best Buy, Carl’s Jr, Galaxy IMAX, CVS, O’Reilly Auto Parts and McDonald’s
  • Located in a residential area with minimal competition
  • Average household income of $91,223 within 3 miles and a population of 124,851 within 5 miles
  • The town of Riverbank is just northeast of Modesto, CA

Property Description

Cushman & Wakefield Net Lease Group is pleased to offer an approximate 9,026 square foot single story Dollar General retail building with 27 onsite parking spaces. The building is set to be completed in September 2019 with construction being concrete block in front with prefab steel on the sides and back. Leased to Dolgen California, LLC, with a guaranty by Dollar General; the lease term is 15 years commencing in September 2019 with an annual rent of $133,176. Rent is set to commence upon the tenant opening for business or 60 days from the delivery date – whichever is earlier. The lease is absolute net, with the tenant responsible for taxes, insurance, common area maintenance including roof, structure and parking lot. There are three five-year options to extend the lease with 10% increases at the start of each option.

Property Location