Log In/Sign Up
Your email has been sent.
12006 Highway 178
Lake Isabella, CA 93240
Retail Property For Sale
Investment Highlights
- High-visibility location along CA-178, a major regional highway connecting Lake Isabella to surrounding communities.
- Corporate-backed tenant with investment-grade credit rating and strong financial performance.
- Proximity to Lake Isabella and recreational destinations drives consistent visitor traffic.
- Absolute NNN lease with no landlord responsibilities, offering low-maintenance ownership.
- Projected population growth within the trade area supports sustained consumer demand.
- Limited retail competition in the area enhances tenant stability and market positioning.
Executive Summary
This Dollar General property offers a stable, income-producing investment opportunity in Lake Isabella, California. Positioned along CA-178, a primary regional corridor, the site benefits from strong visibility and consistent traffic from both local residents and visitors. The immediate trade area is projected to experience population growth, supporting long-term consumer demand for essential goods.
The asset features a corporate-backed lease with Dollar General, a nationally recognized retailer operating over 20,000 locations across the U.S. The lease structure is absolute triple-net (NNN), requiring no landlord responsibilities, and includes three five-year renewal options with scheduled rent increases, ensuring predictable cash flow. With a cap rate of 7.5% and NOI of $135,340, this property provides investors with a recession-resilient business model and strong credit tenant.
Lake Isabella serves as a central hub for surrounding residential communities and recreational destinations, attracting year-round visitors and supporting retail activity. Limited retail competition in the area enhances market positioning, while the property’s location in a growing rural submarket offers long-term investment appeal.
The asset features a corporate-backed lease with Dollar General, a nationally recognized retailer operating over 20,000 locations across the U.S. The lease structure is absolute triple-net (NNN), requiring no landlord responsibilities, and includes three five-year renewal options with scheduled rent increases, ensuring predictable cash flow. With a cap rate of 7.5% and NOI of $135,340, this property provides investors with a recession-resilient business model and strong credit tenant.
Lake Isabella serves as a central hub for surrounding residential communities and recreational destinations, attracting year-round visitors and supporting retail activity. Limited retail competition in the area enhances market positioning, while the property’s location in a growing rural submarket offers long-term investment appeal.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,142 SF
Building Class
B
Year Built
2014
Price
$1,804,533
Price Per SF
$197.39
Cap Rate
7.50%
NOI
$135,340
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.42 AC
Zoning
M-1 - Limited Industrial
Parking
39 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
154’ on Highway 178
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 486-030-03-00-0 | Improvements Assessment | $2,095,423 |
| Land Assessment | $181,542 | Total Assessment | $2,276,965 |
Property Taxes
Parcel Number
486-030-03-00-0
Land Assessment
$181,542
Improvements Assessment
$2,095,423
Total Assessment
$2,276,965
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
