For Sale
$3,300,000

1101 HobsonwayBlythe, CA 92225

Exceptional NNN-leased retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple owned Dollar General located at 1101 E Hobsonway, Blythe, CA 92225. The property boasts a substantial 12,380 square feet on a 1.27-acre lot, featuring 50 parking spaces. Built in 2013, this retail space is situated on a hard corner intersection off I-10, benefiting from high visibility and convenient access. The property is currently 100% occupied under an absolute NNN lease with a corporate guarantee from Dollar General, significantly reducing landlord responsibilities. The lease commenced October 1, 2013, and has a remaining term of 9.7 years, expiring July 31, 2034. Six 5-year lease options are included, with 10% rental increases at the beginning of each option period. The current Net Operating Income (NOI) is $183,762, resulting in a 5.57% cap rate. The asking price is $3,300,000. This property is zoned commercial (APN: 851-061-012) and represents a top 15% performing Dollar General nationwide, according to Placer.AI. The property benefits from limited competition and proximity to the Colorado River. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The property is located in Riverside County.

Highlights

  • 10-Year Corporate Guaranteed Lease with Recent Renewal and Scheduled Rent Increases; Extension Options Available.
  • Absolute NNN Lease with Fee Simple Ownership; Zero Landlord Responsibilities.
  • High-Visibility Hard Corner Location at a Signalized Intersection off I-10 near the Colorado River, with Strong Placer.AI Data, Surrounding Retailers, and Limited Competition.
  • Strong Performing Tenant with 1,000+ New Store Openings in 2022.

Property Details for 1101 Hobsonway

Property type
Retail properties, Retail space
Square Feet
12,380 SF
Year Built
2013
Lot Size (sq. ft)
55,321 SF

Location Insight

City
Blythe
County
Riverside
State
California
Latitude
33.6112247
Longitude
-114.5847471
1101 Hobsonway, Blythe, California

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1101 Hobsonway
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