234 Main St Dorris, CA 96023
- Retail properties
- 7,489 SF
- 0.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 234 Main St
- Lot size
- 0.74 lot acres
- Property size
- 7,489 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 7,489 square foot Dollar General store built in 2022 on a 0.74-acre lot at 234 S Main St, Dorris, CA 96023. The property boasts a strong 6.80% cap rate and a substantial net operating income (NOI) of $125,040. The absolute NNN lease, featuring a credit-rated, corporate-guaranteed tenant, provides exceptional security and minimal landlord responsibilities. The lease commenced January 12, 2022, and extends to January 31, 2037, offering a remaining term of 12.5 years. Four, five-year lease options are included, each with a 10% rent increase. The property benefits from its strategic location on Highway 97, near the California-Oregon border, and a high average household income of $86,136 in the area. The 100% occupancy rate and the tenant's strong financial standing, including a BBB (S&P) credit rating, make this a compelling investment with significant long-term potential. The property's classification includes convenience store, gas station, and grocery store subtypes. This is a single-tenant property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dorris
- County
- Siskiyou
- State
- California
- Longitude
- -121.919
- Latitude
- 41.9642
