Dollar General Net Lease
For Sale
Contact for pricing
12006 Highway 178, Lake Isabella, CA 93240
A Dollar General retail building on an absolute NNN lease structure for hands-off ownership.
Property Size9,142 SF
Lot Size1.42 Acres
Price / SF$197.39
Days on Market60
Property Features for 12006 Highway 178
General Information
Standard status
Active
Size
9,142 SF
Lot size
1.42 Acres
Property subtype
Retail, Office, Industrial
Additional Details
Cap Rate
7.5%
Building Details
Year Built
2014
Listing Agency:
Elevate Net Lease
Listed By:
Joe Shamoun · License #6505433330
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 5 at 12:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elevate Net Lease
Investment Insights
Based on property information with market context.
The property is a 9,142-square-foot Dollar General retail building designed for a single-tenant net lease model. It is set on 1.42 acres and is presented as an absolute NNN opportunity, with the structure described as providing no landlord responsibilities.
The asset is located in Lake Isabella, California, near Bakersfield, within an established Central California trade area. Public remarks indicate service to 7,310 residents within a five-mile radius and cite a location ranking in the 74th percentile nationally on Alpha Maps. The property is offered as a for-sale investment tied to the existing tenant arrangement.
For buyers evaluating a long-term retail net lease format, this offering combines a dedicated retail building with an absolute NNN structure as described in the materials. The unit’s configuration supports the continued operation of a discount retail concept under the current lease terms, aligning with investors seeking a clearly defined tenant-responsibility structure.
The asset is located in Lake Isabella, California, near Bakersfield, within an established Central California trade area. Public remarks indicate service to 7,310 residents within a five-mile radius and cite a location ranking in the 74th percentile nationally on Alpha Maps. The property is offered as a for-sale investment tied to the existing tenant arrangement.
For buyers evaluating a long-term retail net lease format, this offering combines a dedicated retail building with an absolute NNN structure as described in the materials. The unit’s configuration supports the continued operation of a discount retail concept under the current lease terms, aligning with investors seeking a clearly defined tenant-responsibility structure.
Key Highlights
- 9,142 SF Dollar General retail building built in 2014
- Situated on 1.42 acres in Lake Isabella, California
- Absolute NNN lease structure with no landlord responsibilities
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.1k | $15.00 |
| − Vacancy | −$8.1k | −$0.89 |
| EGI | $129.0k | $14.11 |
| − OpEx | −$38.7k | −$4.23 |
| NOI | $90.3k | $9.88 |
9,142 SF · lease $15.00/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.51M
NOI $90,328 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.95M
$1.71M – $2.28M
NOI $136,710 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 25%
Shops & Services 24%
Home Improvements & Furnishings 13%
VONS
Groceries
18,320 visits/mo
0.5 miles
Burger King
Dining
8,321 visits/mo
0.4 miles
Lake Isabella True Value
Home Improvements & Furnishings
5,907 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,167 visits/mo
0.5 miles
Shell
Shops & Services
4,061 visits/mo
0.4 miles
Demographics for 93240, CA
5,691
Population
3,319
Households
1.7
Avg Household Size
50
Median Age
10%
College-Educated
91%
High-School Grad
58.0 sq mi
ZIP Area
98
Density / Sq Mi
$28,535
Median Household Income
$30,898
Median Earnings
$1,129
Median Rent
$203,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - A Dollar General retail building on an absolute NNN lease structure for hands-off ownership.
Where is this retail space located?
The property is located at 12006 Highway 178 Lake Isabella, CA.
What is the asking price?
The asking price for this property is $1,804,533.
What are key features of this property?
This property features: 9,142 SF Dollar General retail building built in 2014; Situated on 1.42 acres in Lake Isabella, California; Absolute NNN lease structure with no landlord responsibilities
