37303 Ave 12 Madera, CA 93636-8782

Property Details for 37303 Ave 12

Lot size

1.01 lot acres

Property type

Commercial land

APN

049-216-020-000

APU

49216020000

Description

This exceptional investment opportunity presents a freestanding Dollar General store building located at 37303 Avenue 12, Madera, CA. The property encompasses 9,026 square feet and sits on a 1.02-acre lot in a high-traffic area. Currently operating under a triple-net lease, the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance, maximizing investor returns. The current lease agreement provides a substantial net operating income (NOI) of $139,467 annually, translating to a monthly income of $11,622. This translates to a strong 6% capitalization rate. The existing lease agreement extends until 2030, offering long-term stability and predictable cash flow. Furthermore, the lease includes a valuable 10% rent increase option, providing potential for future income growth. This turnkey investment is ideal for passive income seekers or those looking to diversify their portfolio with a proven, established tenant in a prime location. The property's strong performance metrics and long-term lease make it a compelling opportunity for discerning investors. The building's location on a busy street ensures high visibility and consistent customer traffic, further enhancing its investment potential. This is a rare chance to acquire a stable, high-performing commercial property in a thriving market.