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Property profile & analytics
OFF-MARKET Estimated value $3,115,000
Retail space

1101 Hobson Way Blythe, CA 92225

12,228 SF 1.27 ac lot Built 2013
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-4665626
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple owned Dollar General located at 1101 E Hobsonway, Blythe, CA 92225. The property boasts a substantial 12,380 square feet on a 1.27-acre lot, featuring 50 parking spaces. Built in 2013, this retail space is situated on a hard corner intersection off I-10, benefiting from high visibility and convenient access. The property is currently 100% occupied under an absolute NNN lease with a corporate guarantee from Dollar General, significantly reducing landlord responsibilities. The lease commenced October 1, 2013, and has a remaining term of 9.7 years, expiring July 31, 2034. Six 5-year lease options are included, with 10% rental increases at the beginning of each option period. The current Net Operating Income (NOI) is $183,762, resulting in a 5.57% cap rate. The asking price is $3,300,000. This property is zoned commercial (APN: 851-061-012) and represents a top 15% performing Dollar General nationwide, according to Placer.AI. The property benefits from limited competition and proximity to the Colorado River. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The property is located in Riverside County.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2013
Construction TILT-UP CONCRETE
Total area 12,228 SF
Lot 1.27 ac (55,321 SF)
Zoning code C2
APN 851-061-012
UPID US09-4665626
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Discount Store
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Western Union Bank Credit Union
  • Sizzler Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.47M
CAP Approach CAP
$2.70M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.12M
Owner & transaction history
Perkins Blythe LLC · 1 yrs held
Perkins Blythe LLC
since 2024
Last sale
$3.1M
7 recorded transactions
2024
Price N/A
2024
$1.2M
2023
Price N/A
2022
$3.1M
2013
$2.8M
2013
$1.4M
2013
$375,000
Zoning & alternative use
C2 · Blythe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $3.6M +501.4%
Medical building $3.3M +456.4%
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