Dollar General

48043 90th Street West, Lancaster, CA 93536

$2,534,000

Cap Rate 6.50%

Views: 125 DOM: 214 Updated: 09.16.24 Posted: 05.03.24 Status: Active

Summary

Price $2,534,000	Built/Renov 2023	Tenant Dollar General
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,640	Lease Start 04-01-2024	#Units 19,986
Price/SF $238.16	Expiration 03-31-2039	Tenant Type Dollar/Discount
NOI $164,736	R. Term 14.4	Ownership Fee Simple
Rent/SF $15.48	Increases 10.0%/14/yrs	Pop 5Mi 2,145
Lot/AC 2.38	Options 3/5yrs/10%	AHHI 5Mi $136,497

Andrew Bogardus

Cushman & Wakefield

Contact

Lease Highlights

Brand new 2023 construction
Dollar General recently executed a brand new 15-year lease with 2 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on 90th Street West, benefiting from its proximity to Trader Joe’s, which is constructing a one-million-square-foot distribution center in Palmdale. The vicinity also hosts well-known national tenants such as Michaels, Rite Aid, Lowe's, and others. Furthermore, the property is conveniently situated approximately 66 miles from Hollywood Burbank Airport...

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Key Features

New construction
Near major nationals
Strategically located
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Lancaster, California Zip Code 93536 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,080	2,090	3,219
2023 Total Population :	1,108	2,145	3,285
2023 Employed Civilian Pop :	517	969	1,491
2023 Total Businesses :	22	38	93
2023 Average Household Income :	$ 137,011	$ 136,497	$ 135,934
2023 Total Consumer Spending :	$ 45 M	$ 80 M	$ 127 M
2023 Median Age :	46	46	44
2023 Total Households :	392	696	1,098
2023 Pop Age 25+: Bachelor's Degree :	82	204	322
2023 Average Home Value :	$ 356,464	$ 372,655	$ 507,732

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
90th St W	Wood Ave	2010	1,848	0.51 mi
90th St W	W Ave F	2010	1,438	0.69 mi
West Avenue E	80th St W	2018	3,071	1.12 mi
90th St W	W Ave F-8	2013	1,584	1.34 mi
90th St W	W Ave D	2011	1,095	1.37 mi
W Ave D	90th St W	2010	2,919	1.42 mi
W Ave D	90th St W	2010	2,542	1.43 mi
90th St W	W Ave D	2011	1,629	1.47 mi
W Ave G	90th St W	2014	625	1.61 mi
W Ave G	90th St W	2013	585	1.61 mi

Listing Broker

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