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Views: 56 DOM: 171 Updated: 10.29.24 Posted: 07.03.24 Status: Active

Summary

Price $12,632,000
Built/Renov 2024
Tenant Dixieline Lumber & Home Centers
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 7,500
Lease Start 03-26-2024
#Units 9
Price/SF $1,684.27
Expiration 03-31-2034
Tenant Type General Retail
NOI $600,000
R. Term 9.3
Ownership Fee Simple
Rent/SF $80.00
Increases 15.0%/6/yrs
Pop 5Mi 156,448
Lot/AC 1.10
Options 2/5yrs
AHHI 5Mi $172,109

Lease Highlights

  • New 2024 construction
  • Tenant has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 15% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dixieline Lumber & Home Centers is strategically located at the signalized, hard corner intersection of Dohney Park Road and Victoria Boulevard, with access to a combined daily traffic count of 20,500 vehicles. The property is just two blocks north of the Doheny Road exit, directly off the freeway exit when entering Dana Point from Interstate 5 (250,000 VPD). It is situated across from Costco...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dixieline Lumber and Home Centers is a prominent supplier of building materials and home improvement products in Southern California. They offer a wide range of products including lumber,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 11,566 72,328 152,703
2024 Total Population : 11,310 72,315 153,485
2024 Employed Civilian Pop : 5,553 36,258 78,674
2024 Total Businesses : 541 4,432 9,116
2024 Average Household Income : $ 174,543 $ 180,030 $ 187,577
2024 Total Consumer Spending : $ 707 M $ 4518 M $ 9688 M
2024 Median Age : 50 49 47
2024 Total Households : 4,737 29,372 60,570
2024 Pop Age 25+: Bachelor's Degree : 2,778 17,668 36,895
2024 Average Home Value : $ 1,320,209 $ 1,366,674 $ 1,399,142
*ESRI data is presented for informational purposes only

Listing Broker

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