1330 Park Blvd Orange Cove, CA 93646
- Retail space
- 10,000 SF
- 1.28 lot acres
Current Use by Public Records
- FedEx OnSite / Mailing Service
- Redbox / Movie Rental Kiosk / Dvd Store
- Dollar General / Dollar Store / Convenience Store
- Western Union / Money Transfer Service
Property Details for 1330 Park Blvd
- Year built
- 2018
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.28 lot acres
- Property size
- 10,000 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- 375-040-31
- APU
- 37504031
Description
This exceptional investment opportunity presents a freestanding Dollar General store located at 1330 Park Blvd, Orange Cove, CA 93646. The property boasts a substantial 9,993 square foot building situated on a 1.27-acre lot. Currently operating under a triple-net (NNN) lease with Dolgen California, LLC, and guaranteed by Dollar General, this single-tenant property offers significant financial stability. The lease features a primary term of 9 years remaining, generating an annual net income of $137,748. Further enhancing the investment potential are option years extending the lease through 2030, with escalating rental rates: $151,524 annually from years 16-20, $166,680 annually from years 21-25, and $183,348 annually from years 26-30. The property's strong occupancy rate of 100% and a 5.00% cap rate contribute to its attractive investment profile. This is a prime opportunity for investors seeking a secure, high-yield retail investment in a stable market. The asking price for this exceptional property is $2,754,960. This freestanding building presents a compelling opportunity for long-term passive income generation. The property is located in Fresno County, California.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,915,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,220,000
- 6.5%
- $2,380,000
- 7%
- $2,335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,505,000
- Geo Method
- $2,460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,620,000
- Retail
- $2,445,000
- Mixed-Use
- $2,280,000
- Hospitality
- $2,960,000
- Educational
- $2,660,000
- Residential Income
- $2,570,000
- Energy
- $2,295,000
- Income-Based Land
- $2,415,000
- Food Service
- $2,880,000
Location Insight
- Map
- Local Demand
- City
- Orange Cove
- County
- Fresno
- State
- California
- Longitude
- -119.323
- Latitude
- 36.6251
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA