Cap Rate
7.5%
$ per SF
$211
322 Crescent St, Greenville, CA, 95947
Dollar General$1,902,720
Key Information
Year Built
2018
Type
Retail
NOI
$142,704
Leasable Area
9,002
Highlights
- Investment Grade Tenant: Corporate guarantee from Dollar General Corp. (S&P:BBB), a Fortune 500 Company (NYSE:DG).
- Absolute NNN Lease: No landlord responsibilities, providing passive income.
- Limited Competition: Strong location with minimal competing retailers in the area.
- Attractive Return: Provides an above average market yield for investors.
- E-Commerce & Recession Proof: Dollar General is resilient to economic downturns and online retail disruption.
- Long Lease Term: ±7.1 years of term remaining and three 5-year options with 10% increases.
- Modern Construction: Built-to-suit in 2018 for Dollar General.
Photos
Location
Agents
B
Brett BeersLicense # 02216560 (CA)
K
Kevin BettingerLicense # License No. 02168242 (CA)
E
Erik VogelzangLicense # License No. 01995114 (CA)
Broker of Record
David Harrington
License # 01320460 (CA), 02168060 (CA)Matthews Real Estate Investment Services, Inc2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245