234 Main St Dorris, CA 96023
- Retail properties
- 0.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 234 Main St
- Year built
- 2022
- Lot size
- 0.74 lot acres
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 2022-built Dollar General store in Dorris, California. The property boasts a 12.5-year remaining lease term (expiring 01/31/2037) with four, five-year options, each including a 10% rent increase. The absolute NNN lease provides a strong, corporate-guaranteed tenant with a credit rating. The property features a 6.80% cap rate and a substantial net operating income (NOI) of $125,040. Situated on a 0.74-acre lot at 234 S Main St, Dorris, CA 96023, this strategically located retail center benefits from its proximity to Highway 97 and the California/Oregon border. The average household income in the area is $86,136, supporting a robust customer base. The asking price is $1,838,824. This is a single-tenant property with a 100% occupancy rate. The lease commenced on 01/12/2022. Dollar General, a highly profitable and essential retailer, operates approximately 19,500 locations nationwide and continues to expand. This investment offers a secure and lucrative return with a strong tenant and favorable lease terms.
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
