36281 Lassen Ave Huron, CA 93234

Property Details for 36281 Lassen Ave

Year built

2019

Lot size

1.18 lot acres

Property size

9,100 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity features a 9,100 square foot Dollar General store in Huron, CA, built in 2019 on a 1.18-acre lot. The property boasts a strong location on Lassen Avenue (Highway 249), a main retail thoroughfare. The tenant, Dollar General, operates under a corporate-guaranteed NNN lease with over 10 years remaining (expiring 12/31/2034), featuring three five-year options with 10% rent bumps at each option. The lease commenced December 8, 2019. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $132,864, representing a 6.75% cap rate. This best-in-class tenant, the largest dollar store chain in the US, consistently ranks in the 88th percentile nationally for store visits, indicating strong performance. The property benefits from its proximity to several recently developed multifamily communities, further enhancing its desirability and long-term potential. The asking price is $1,965,000. This fee-simple offering presents a compelling opportunity for passive income generation with a stable, high-performing tenant and a long-term lease. The property's build-to-suit construction in 2019 ensures modern design and high-quality standards. Huron's strategic location, near major transportation routes and urban centers, contributes to its robust economy. This is a rare chance to acquire a well-positioned, high-performing retail asset with a blue-chip tenant.

Location Insight

City

Huron

County

Fresno

State

California

Longitude

-120.103

Latitude

36.2078