Family Dollar
13247 Jones St. - Trona CA 93562
LTV (Loan to Value) | 65.00% | Current NOI | $131,354.00 |
Interest Rate | 4.250% | Capital Rate | 7.000% |
Fixed Term | 10 Years | Land Area | +/- 1.78 Acres |
Amortization | 25 Years | Lease Type | NN |
Loan Amount | $1,219,725.00 | Property Type | Retail |
Payment | $6,607.72 | Property Lease | Discount |
Bulding Size | 0 SF | Remaining Terms | 10 Years |
Location Description
NNN Lenders is offering for sale to qualified investors a 100% fee simple interest in the free-standing Family Dollar on Jones Street in Trona, California. The lease commencement date is May 1, 2015 and the property is being offered with a full 10-year term remaining. The lease includes 10% rental increases every five (5) years during the term, including the two (2) 5-year renewal options. Improvements are a recently redeveloped 9,900+/- square foot, free-standing building on Jones Street in the unincorporated community of Trona, CA, a High Desert community in northern San Bernardino County. Trona is located in Searles Valley near Ridgecrest, China Lake Naval Air Station and Death Valley National Park. The area's economy is driven by mining and production of soda ash and borax. Searles Valley Minerals Inc. is the main employer of the area and has been in production since 1917. The small community continues to flourish despite major development. Family Dollar is replacing Trona General Store, a family-run store which operated in this location for over 75 years. The Family Dollar in California City, CA, approx. 60 miles away, is the highest grossing Family Dollar operating in the US. Family Dollar is strategically located on Jones Street adjacent CA Hwy 178, the major thoroughfare through Searles Valley and a major corridor to an entrance into Death Valley National Park. A proven location with limited competition ensures a loyal customer base and strong sales.
Highlights
Trade Area's Market Leader - Family Dollar's strongest stores have historically been located in smaller markets without competition from national…
Property Description
Trona, California is an unincorporated community in San Bernardino County, located at the western edge of Searles Lake, a dry lake bed southwest of Death Valley National Park. The community of Trona is 170 miles northeast of Los Angeles on CA Hwy 178, the most direct route from LA to the National Park. Ridgecrest, CA, a town of approx. 28,000 residents located 24 miles southeast of Trona, provides the nearest supermarket, discount store and pharmacies. Ridgecrest also serves as an entrance to the China Lake US Navy Air Weapons Station. Trona and Ridgecrest are surrounded by four mountain ranges; the Sierra Nevada to the west, the Cosos to the north, the Argus Range to the east and the El Paso Mountains to the south. The town takes its name from the mineral trona, abundant in the surrounding lakebeds. Trona is a common source of soda ash which is a significant economic commodity because of its applications in manufacturing glass, chemicals, paper, detergents and textiles. San Bernardino County is a county located in the southern portion of California. As of the 2010 census, the population was 2,035,210, making it the fifth-most populous county in California, and the 12th-most populous in the United States. With an area of 20,105 square miles, San Bernardino County is the largest county in the United States by area. It is larger than each of the nine smallest states, larger than the four smallest states combined, and larger than 71 different sovereign nations. The Property is strategically located along Jones Street in the center of Trona. The property is visible from CA Hwy 178, one the most traveled highways for visitors to Death Valley National Park.