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Dollar General 332 E 5th Ave 9,311 SF 100% Leased Retail Building Riddle, OR 97469 $2,195,000 ($235.74/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New Construction with Long-Term Lease Commitment
- Attractive Rent Increases and Long-Term Security
- Strong National Tenant with Stable Performance
- Proven Retail Location with Limited Competition
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a located at 332 East 5th Avenue, Riddle, OR 97469. The site consists of roughly 9,311 rentable square feet of building space on an estimated 1.01-acre parcel of land. Dollar General is subject to a 15.01-year Triple Net (NNN) lease, which commenced 1/24/2021. The current annual rent is $142,728 and has scheduled increases of 10.00% At Start of Each Option Period.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,311 SF
Year Built
2021
Price
$2,195,000
Price Per SF
$235.74
Cap Rate
6.50%
NOI
$142,728
Percent Leased
100%
Building Height
1 Story
Building FAR
0.21
Lot Size
1.01 AC
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Dollar General | 332 E 5th Ave
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