Family Dollar,
Trona, CA Investment Summary
| Price | $1,600,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 10 Years |
| Lease Type | |
| Rental Increases | 10% Increases Every 5 Years in Option Periods |
| Year Built | 2015 |
| Building Size | 9,900 sq. ft. |
| Lot Size | 1.78 Acres (59,677 SF) |
| Status | Sold |
| Lead Brokers | Vince Aicale Senior Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Senior Managing Director 415.228.9114 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
BRAND NEW, HIGH-CREDIT, 10 YEAR NET LEASE
» Corporate guaranteed lease by Family Dollar
» Scheduled rental increases of 10% every five years during the option period
STABLE NNN INVESTMENT WITH LOW MANAGEMENT RESPONSIBILITIES
» Family Dollar is responsible for all taxes, insurance, and maintenance, excluding exterior portions of the building, providing a passive investment
» Ideal, low-management investment for an out-of-area investor
EXTENSIVE RENOVATION OF BUILDING
» Trona General Store operated for 71 years from this location
» Extensive Renovation in 2015 including a brand-new roof with a 15-year transferable warranty and new HVAC
» Features the latest Family Dollar brand’s design and store concepts
» New parking lot paved in 2015
Click Here to Download Offering Memorandum
Property Description
SOLD
The site is located just off of Highway 178, Trona’s main thoroughfare. The property is conveniently located just two blocks from the Searles Valley Minerals plant, the largest employer in Trona. Tourist attractions, such as the Searles Lake Borax, Discovery landmark, and the Searles Valley Historical Society are within walking distance of the property, and the Trona Joint Unified School District is a mile away from the site. The store attracts customers from a broad trade area, which includes Valley Wells, Pioneer Valley, Inyo, Darwin, Panamint Springs and Storepipe Wells.
