1101 Hobson Way Blythe, CA 92225
- Retail space
- 12,228 SF
- 1.27 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Beauty Supply Store
- Redbox / Movie Rental Kiosk / Dvd Store
- Western Union / Money Transfer Service
- Sizzler / Buffet Restaurant / Cafeteria
Property Details for 1101 Hobson Way
- Year built
- 2013
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.27 lot acres
- Property size
- 12,228 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- 851-061-012
- APU
- 851061012
Description
This exceptional investment opportunity presents a fee-simple owned Dollar General located at 1101 E Hobsonway, Blythe, CA 92225. The property boasts a substantial 12,380 square feet on a 1.27-acre lot, featuring 50 parking spaces. Built in 2013, this retail space is situated on a hard corner intersection off I-10, benefiting from high visibility and convenient access. The property is currently 100% occupied under an absolute NNN lease with a corporate guarantee from Dollar General, significantly reducing landlord responsibilities. The lease commenced October 1, 2013, and has a remaining term of 9.7 years, expiring July 31, 2034. Six 5-year lease options are included, with 10% rental increases at the beginning of each option period. The current Net Operating Income (NOI) is $183,762, resulting in a 5.57% cap rate. The asking price is $3,300,000. This property is zoned commercial (APN: 851-061-012) and represents a top 15% performing Dollar General nationwide, according to Placer.AI. The property benefits from limited competition and proximity to the Colorado River. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The property is located in Riverside County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,560,000
- 6.5%
- $3,120,000
- 7%
- $2,920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,575,000
- Geo Method
- $2,615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,415,000
- Retail
- $2,525,000
- Mixed-Use
- $2,655,000
- Hospitality
- $2,730,000
- Educational
- $3,115,000
- Residential Income
- $3,270,000
- Energy
- $2,955,000
- Income-Based Land
- $2,765,000
- Food Service
- $2,845,000
Location Insight
- Map
- Local Demand
- City
- Blythe
- County
- Riverside
- State
- California
- Longitude
- -114.585
- Latitude
- 33.6112
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
