Dollar General Investment
For Sale
Contact for pricing
37303 Ave 12, Madera, CA 93636
Net-leased Dollar General in Madera, CA, on 43,996 SF parcel.
Property Size9,026 SF
Lot Size1.01 Acres
Price / SF$254.82
Days on Market321
Property Features for 37303 Ave 12
General Information
Standard status
Active
Size
9,026 SF
Class
B
Lot size
1.01 Acres
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2015
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
RE/MAX Gold Commercial
(209) 955-5514
Listed By:
Andrew Hernandez · License #CA 01030654
Source:
Crexi
Added: Sep 26, 2025
Changed: Aug 10
Last Checked: Aug 11 at 7:22PM
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 RE/MAX Gold Commercial
Investment Insights
Based on property information with market context.
This property in Madera, CA, presents an investment opportunity with a Dollar General as the tenant. The retail building, constructed to Dollar General's prototype standards, offers approximately 9,026 square feet of space. It is situated on a 43,996-square-foot parcel. The location offers high visibility in a growing trade area, which ensures consistent foot traffic. The property is net-leased to a nationally recognized tenant.
Key Highlights
- Net‑Leased Investment with Nationally Recognized Tenant (Dollar General)
- Stable, Income‑Producing Asset with Immediate Cash Flow
- Located in a High‑Visibility Area within a Growing Trade Area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$197,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,952,740
$4.0M
Cap Rate 7%
$2,823,386
$2.8M
Cap Rate 9%
$2,195,967
$2.2M
Market Conditions
NOI Build-Up for 9,026 SF
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.
Gross rent
$279.4K $30.96/SF
− Vacancy
−$15.9K −$1.76/SF
EGI
$263.5K $29.20/SF
− OpEx
−$65.9K −$7.30/SF
NOI
$197.6K $21.90/SF
Area
Madera County, CA
Vacancy
5.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,952,740
Cap Rate 7%
$2,823,386
Cap Rate 9%
$2,195,967
Alternative Uses
Best Use
Specialty Retail
$2.82M
$2.47M – $3.29M
NOI $197,637 @ 7.0% cap · market cap 8.59%
Second Best
Retail
$2.64M
$2.31M – $3.07M
NOI $184,462 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,511 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93636, CA
14,004
Population
4,759
Households
2.9
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
197.5 sq mi
ZIP Area
71
Density / Sq Mi
$124,024
Median Household Income
$63,375
Median Earnings
$1,788
Median Rent
$483,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- State Foods Supermarket — 37405 Ave 12 #401, Madera, CA 93636
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Net-leased Dollar General in Madera, CA, on 43,996 SF parcel.
Where is this grocery and convenience store located?
The property is located at 37303 Ave 12 Madera, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Net‑Leased Investment with Nationally Recognized Tenant (Dollar General); Stable, Income‑Producing Asset with Immediate Cash Flow; Located in a High‑Visibility Area within a Growing Trade Area
