2469 Las Plumas Ave
Oroville, CA 95966
Dollar General · Retail Property For Sale

The offering provides an opportunity to acquire an Absolute NNN Dollar General in Oroville, California. The 15-year lease features a Corporate Guaranty, and includes three 5-year options, with rental increases at the start of each option period. This new construction build-to-suit asset has zero landlord maintenance or expense obligations. The property is located on a hard corner on Las Plumas Avenue and Oro Bangor Highway. It is across the street from Las Plumas High School and is surrounded by the majority of residential homes in the South Oroville neighborhood. Oroville is located roughly 60 miles north of Sacramento, the state capitol of California. Dollar General generated $23.5 billion in sales in fiscal 2017 and in excess of $1.54 billion in net income. Dollar General currently operates over 15,000 stores in 45 states, making it the country’s largest small-box discount retailer. The company has an S&P rating of BBB, which has been raised five times since 2009, and is a better credit rating than its main competitors. Over the last 12 months Dollar General’s stock price is up nearly 40%.