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9800 California City Boulevard, California City, CA

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9800 California City Boulevard

California City, CA 93505 - NE Outlying Kern County Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2013
Building Size:20,160 SF Land Area:3.59 AC (156,228 SF)
For Sale Price:$4,450,000 Price/SF:$220.73
Cap Rate:6.27 %
Parking:75 Surface spaces are available; Ratio of 3.62/1,000 SF
Features:Dedicated Turn Lane, Pylon Sign

Sale Notes:
Dollar General Corporation (NYSE: DG) is the nation's largest "small-box" discount retailer, operating over 10,500 stores in 40 states as of March 2013.

» Based in Goodlettsville, Tennessee, the company was founded in 1939 and has weathered 12 technical recessions.
» Dollar General ranks among the largest retailers of top-quality brands made by America's most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg's, General Mills and Nabisco.
» Most of the company's products are priced at $10 or less, with approximately 25% priced at $1 or less. Consumables is their largest category and includes paper and cleaning products, food including
packaged and perishables), beverages and snacks, health and beauty products, and pet supplies.
» 23 consecutive years of same-store sales growth.
» Dollar General was ranked #183 in the Fortune 500 in 2012, with over $16 billion in sales.

California City is a city incorporated in 1965 in the northern Antelope Valley in Kern County, California. The population was 14,120 at the 2010 census. The city is the third largest city in the state by area. California City has one landowners' resort, one PGA golf course, one prison,
and one municipal airport. Much of the workforce of Edwards Air Force Base, which is located just to the south of the city, is made up of city residents. Other major sources of employment include California City Correctional Center (California Department of Corrections and Rehabilitation), Silver Saddle, Mojave Air and Space Port and its flight test operations, the Hyundai/Kia Proving Grounds located to its southwest, and nearby cities, such as Tehachapi, Ridgecrest, Boron, Palmdale, and Lancaster. California City is 65 miles (105 km) southwest of Death Valley National Park.

-California City Population Growth: 68% from 2000-2010
-Walk to McDonalds, AutoZone, PGA Golf Course, Central Park
-Sloped Receiving Bay for Two 18-Wheelers w/ 1 Roll-Up Door
-Ample Parking for Peak Shopping Hours
-Lease Includes Three 5-Year Options to Extend
-10% Rent Escalation Per Executed Option

Investment Real Estate Associates
Zachary Krasman
(818) 574-5130

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