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New Dollar General 48043 90th St W

10,640 SF Retail Building Lancaster, CA 93536 $3,591,869 CAD ($338 CAD/SF) 6.50% Cap Rate

Investment Highlights

  • Build to suit construction for Dollar General
  • Three five-year options with 10% rental increases at the start of each option
  • Dollar General has over 20,000 stores nationwide
  • New 15 year triple net lease
  • Dollar General is an investment grade tenant with an S&P rating of “BBB”
  • Located in northern Los Angeles County

Executive Summary

Cushman & Wakefield Net Lease Group is pleased to offer an approximate 10,460 square foot single story Dollar General retail building with approximately 43 on-site parking spaces that is leased to Dolgen California, LLC, with a guaranty by Dollar General for 15 years with an annual rent of $164,736. The lease is triple net, with the tenant responsible for taxes, insurance, common area maintenance including roof, structure and parking lot. There are three five year options to extend the lease with 10% increases at the start of each option.
Located in northern Los Angeles County, Antelope Valley spans approximately 94 square miles, making it the largest city in Los Angeles County by land area. With its unique blend of urban amenities and natural beauty, Antelope Valley has become an appealing destination for residents and visitors alike.
As the most populous county in the United States, Los Angeles County (Population: 9,992,643) boasts a thriving economy that spans diverse sectors and drives innovation and growth. Located in Southern California, this county is renowned for its vibrant communities, rich cultural heritage, and the city of Los Angeles.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2023
Price
$3,591,869 CAD
Price Per SF
$338 CAD
Cap Rate
6.50%
NOI
$233,471 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
2.38 AC
Parking
43 Spaces (4.04 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Skylights
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3264-010-025
Land Assessment
$364,504 CAD
Improvements Assessment
$0 CAD
Total Assessment
$364,504 CAD
  • Listing ID: 33401457

  • Date on Market: 2024-10-03

  • Last Updated:

  • Address: 48043 90th St W, Lancaster, CA 93536

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