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14370 Las Palmas Way 9,026 SF Retail Building La Grange, CA 95329 $2,250,000 ($249.28/SF) 6.73% Cap Rate
Investment Highlights
- HIGH VOLUME STORE
- NNN LEASE
- SERVES LAKE DON PEDRO AND LAKE MC CLURE VISITORS
Executive Summary
NNN LEASE INVESTMENT DOLLAR GENERAL STORE, HIGH VOLUME STORE SERVING LAKE DON PEDRO AND LAKE MCCLURE VISITORS AS WELL AS THE LOCAL COMMUNITY, STRATEGICALLY LOCATED TO SERVE THE OVER 1. MILLION VISITORS PER YEAR, LOCATED NEXT TO VALERO GAS, WHICH IS THE LOCAL GAS SUPPLIER FOR THE AREA AS WELL. 7 YRS REMAINING ON THE PRIMARY LEASE TERM WITH 3 X 5 YR OPTIONS ALL WITH 10% RENT INCREASES PER OPTION.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2018
Price
$2,250,000
Price Per SF
$249.28
Cap Rate
6.73%
NOI
$151,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.40 AC
Zoning
C-S
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 075-030-013-000 | Improvements Assessment | $1,820,524 |
| Land Assessment | $455,129 | Total Assessment | $2,275,653 |
Property Taxes
Parcel Number
075-030-013-000
Land Assessment
$455,129
Improvements Assessment
$1,820,524
Total Assessment
$2,275,653
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14370 Las Palmas Way