For Sale
$1,838,824

234 Main StDorris, CA 96023

High-yield, 100% occupied retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 2022-built Dollar General store in Dorris, California. The property boasts a 12.5-year remaining lease term (expiring 01/31/2037) with four, five-year options, each including a 10% rent increase. The absolute NNN lease provides a strong, corporate-guaranteed tenant with a credit rating. The property features a 6.80% cap rate and a substantial net operating income (NOI) of $125,040. Situated on a 0.74-acre lot at 234 S Main St, Dorris, CA 96023, this strategically located retail center benefits from its proximity to Highway 97 and the California/Oregon border. The average household income in the area is $86,136, supporting a robust customer base. The asking price is $1,838,824. This is a single-tenant property with a 100% occupancy rate. The lease commenced on 01/12/2022. Dollar General, a highly profitable and essential retailer, operates approximately 19,500 locations nationwide and continues to expand. This investment offers a secure and lucrative return with a strong tenant and favorable lease terms.

Highlights

  • 2022-built Dollar General store on a 0.74-acre lot.
  • Four, five-year lease options with 10% rent increases each.
  • Strategically located on Highway 97 near the CA/OR border.
  • Strong, corporate-guaranteed lease with Dollar General.
  • High average household income of $86,136 supports strong customer base.
  • Across the street from Dorris City Hall.

Property Details for 234 Main St

Property type
Retail properties, Grocery and convenience stores
Year Built
2022
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Dorris
County
Siskiyou
State
California
Latitude
41.964235019002
Longitude
-121.91871641072
234 Main St, Dorris, California

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234 Main St
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