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Dollar General 376 Main St 15,786 SF Retail Building Chester, CA 96020 $4,187,240 CAD ($265.25 CAD/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
$4,187,240 CAD
Price Per SF
$265.25 CAD
Cap Rate
5.83%
NOI
$244,311 CAD
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
- -
- $19.93 CAD
- Triple Net
- -
Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $19.93 CAD | Triple Net | - |
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 100-104-002-000 | Improvements Assessment | $3,701,435 CAD |
| Land Assessment | $336,485 CAD | Total Assessment | $4,037,920 CAD |
Property Taxes
Parcel Number
100-104-002-000
Land Assessment
$336,485 CAD
Improvements Assessment
$3,701,435 CAD
Total Assessment
$4,037,920 CAD
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Dollar General | 376 Main St
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