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Dollar General 376 Main St 15,786 SF Retail Building Chester, CA 96020 $2,999,950 ($190.04/SF) 5.83% Cap Rate
Investment Highlights
- 376 Main Street presents the chance to acquire a one-story storefront building anchored by leading discount retailer Dollar General.
- Value-add opportunity for the new owner to fill the vacant 3,633-SF restaurant space formerly occupied by the Lake Almanor Tavern.
- Conveniently located on Main Street, this property receives great visibility from 5,442 vehicles passing daily.
- Surrounding retailers, dining, and services include Lola's, Ace Hardware, Sunshine Flowers florist, Ranch House, and Best Western.
- 376 Main Street is in the heart of Chester, a small town located at the base of Lassen Peak near the shores of Lake Almanor.
Executive Summary
376 Main Street comprises a multi-tenant 15,786-square-foot storefront building for sale in Chester, California. This single-story property was remodeled in 2013 and has minimal landlord responsibility. Presenting a value-add opportunity, the site has a 3,633-square-foot vacancy formerly used as a barbecue restaurant.
Additionally, 376 Main Street houses a 12,153-square-foot Dollar General with eight years left on the lease and the potential for renewal at the end of the term. Dollar General is a leading discount retailer with over 16,000 stores in 44 states. The company remains true to the founding family's humble hard work ethic and commitment to friendly customer service.
376 Main Street is directly off Main Street/Highway 36, the primary thoroughfare for residents and tourists traveling throughout Chester. Many local attractions, lodging accommodations, and amenities surround the centrally located property, providing convenience to out-of-town visitors and residents checking items off their to-do lists.
Chester is a quaint Northern California town located on the shores of Lake Almanor in the shadow of the Lassen Peak volcano dome. This lavish community encompasses breathtaking meadows, forests, and streams. The area within a 5-mile radius of 376 Main Street has a population of 2,378 residents with an average household income of $96,195 annually.
Additionally, 376 Main Street houses a 12,153-square-foot Dollar General with eight years left on the lease and the potential for renewal at the end of the term. Dollar General is a leading discount retailer with over 16,000 stores in 44 states. The company remains true to the founding family's humble hard work ethic and commitment to friendly customer service.
376 Main Street is directly off Main Street/Highway 36, the primary thoroughfare for residents and tourists traveling throughout Chester. Many local attractions, lodging accommodations, and amenities surround the centrally located property, providing convenience to out-of-town visitors and residents checking items off their to-do lists.
Chester is a quaint Northern California town located on the shores of Lake Almanor in the shadow of the Lassen Peak volcano dome. This lavish community encompasses breathtaking meadows, forests, and streams. The area within a 5-mile radius of 376 Main Street has a population of 2,378 residents with an average household income of $96,195 annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
15,786 SF
Building Class
C
Year Built/Renovated
1988/2013
Price
$2,999,950
Price Per SF
$190.04
Cap Rate
5.83%
NOI
$175,037
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.86 AC
Zoning
C2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $14.28
- Triple Net
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $14.28 | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 100-104-002-000 | Improvements Assessment | $2,696,895 |
| Land Assessment | $245,166 | Total Assessment | $2,942,061 |
Property Taxes
Parcel Number
100-104-002-000
Land Assessment
$245,166
Improvements Assessment
$2,696,895
Total Assessment
$2,942,061
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Dollar General | 376 Main St
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