Dollar General

1101 East Hobsonway, Blythe, CA 92225

$3,300,000

Cap Rate 5.57%

Views: 131 DOM: 373 Updated: 10.16.24 Posted: 11.08.23 Status: Active

Summary

Price $3,300,000	Built/Renov 2013	Tenant Dollar General
Cap Rate 5.57%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 12,380	Lease Start 10-01-2013	#Units 19,986
Price/SF $266.56	Expiration 07-31-2034	Tenant Type Dollar/Discount
NOI $183,762	R. Term 9.8	Ownership Fee Simple
Rent/SF $14.84	Increases 10.0%/5/yrs	Pop 5Mi 13,730
Lot/AC 1.27	Options 6/5yrs/10%	AHHI 5Mi $75,977

Lease Highlights

Dollar General has 9+ years remaining on the current lease term with 6 (5-year) options to extend
Lease features 10% rental increases at the beginning of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease | Investment grade tenant

Location Description

Dollar General is located at the signalized, hard corner intersection of E Hobsonway and N 9th St., with access to 14,300 vehicles passing by daily. The property is ideally positioned off I-10 (30,000 VPD), providing direct on/off ramp access for travelers. The immediate trade area is supported by national retailers such as AutoZone, Rite Aid, Starbucks, Dollar Tree, and more. Additionally,...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Freeway close
Top 100 MSA
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Blythe, California Zip Code 92225 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 :	6,692	12,438	13,920
2023 Total Population :	6,546	12,215	13,730
2023 Employed Civilian Pop :	2,821	5,083	5,703
2023 Total Businesses :	274	455	513
2023 Average Household Income :	$ 71,923	$ 76,423	$ 75,977
2023 Total Consumer Spending :	$ 148 M	$ 293 M	$ 337 M
2023 Median Age :	32	33	34
2023 Total Households :	2,356	4,402	5,074
2023 Pop Age 25+: Bachelor's Degree :	343	659	716
2023 Average Home Value :	$ 180,282	$ 227,526	$ 230,466

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
E Hobsonway	N 8th St	2005	11,058	0.10 mi
N 7th St	E Hobsonway	2005	4,972	0.21 mi
S 7th St	E Rice St	2005	6,952	0.23 mi
E Hobsonway	N 7th St	2005	12,697	0.27 mi
I 10	S Sixth St	2021	27,750	0.36 mi
10	S Intake Blvd	2018	29,000	0.41 mi
10	S Sixth St	2018	29,000	0.43 mi
S 7th St	E 14th Ave	2009	520	0.65 mi
E Hobsonway	S 1st St	2005	13,564	0.67 mi
10	S First St	2018	28,300	0.69 mi

Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
26752 Views
93 Sold

William Wamble

SRS National Net Lease Group

Contact

186 Listings
20430 Views
49 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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