Dollar General 322 Crescent St

Core Commercial is pleased to offer this Dollar General For Sale in the Northern California mountain town of Greenville, CA with an asking price of $2,283,264 / 6.25% Cap Rate. This newer construction Dollar General was built in 2018 and has approximately 8 years & 6 months of primary lease term remaining. Dollar General also has 3, 5-year options to follow with 10% rental increases in each option. The lease is Absolute NNN with no landlord responsibilities. In August of 2021 the Dixie Fire, which had been burning for roughly three weeks, engulfed the town of Greenville and caused widespread destruction along historic Main Street in addition to destroying over 100 residences. The subject property was spared from the Dixie Fire and suffered only minimal damage. Dollar General temporarily closed this location but continued to pay their contractual obligations of their Absolute NNN Lease. The store reopened in May of 2022 after it was determined by Dollar General that this location was still viable due to the customer demand from the surrounding trade areas. Three years removed and in the aftermath of the Dixie Fire, the town of Greenville is slowly rebuilding with optimism that the town will return to its historic and charming ways in the not-too-distant future. The subject property is located adjacent to the Greenville Jr / Sr High School as well as elementary school, which have reopened to students. The next nearest Dollar General is located approximately 22 miles away in Westwood, CA.