DOLLAR GENERAL 36281 Lassen Ave. Huron, CA 93234 - Actual Locaiton - Embree Group of Companies
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Confidential Offering Memorandum
Actual Locaiton
DOLLAR GENERAL
36281 Lassen Ave. Huron, CA 93234
Exclusive Offering Listed By
Josiah Byrnes $2,215,000
Purchase Price
Executive Vice President
6.00%
CAP Rate
$132,864
Klinton Lewis Annual Rent
Brokerage Associate
KLewis@EmbreeGroup.com New 2019
+1.512.819.4729 Construction
DOLLAR GENERAL | HURON, CA
Disclaimer and Confidentiality Statement
The information contained herein is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from the Embree
Group of Companies (Embree Group) and should not be made available to any other person or entity without the written consent of the Embree
Group (the Embree Group collectively refers to Embree Capital Markets Group, Inc., Embree Asset Group, Inc., Embree Healthcare Group, Inc., and
Embree Construction Group, Inc.). This brochure has been prepared to provide summary information to prospective investors and to establish a
preliminary level of interest in establishing an investment relationship with the Embree Group, which may or may not include the sale or purchase of
any specific property referenced herein. Several Embree Group employees are licensed real estate agents and brokers in various states.
The information contained herein is not a substitute for a thorough due diligence investigation. The Embree Group has supplied information in this
brochure from sources we believe are reliable; however, all potential Buyers and Investors must take appropriate measures to investigate and verify
the income and expenses for any specific property, the future projected financial performance of any specific property, the size and square footage
of any specific property and its improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State
and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant or any
tenant’s plans or intentions to continue its occupancy of any specific property.
The Embree Group reserves the right to withdraw this solicitation at any time without prior notice. The information contained herein is based upon
sources deemed to be reliable, but the accuracy of the information is not guaranteed, nor should the information contained herein be considered all
inclusive. Statements contained herein which involve matters of opinion, whether or not identified to be that only, are not representations of fact.
The price and terms of this offering may be subject to change at any time.
The Embree Group is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The
presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation
of the Embree Group, its affiliates or subsidiaries, or any agent, product, or commercial listing of The Embree Group, and is solely included for the
purpose of proving tenant lessee information about this listing to prospective customers.
DOLLAR GENERAL | HURON, CA
Table of Contents
Section 1: Executive Summary
Property + Lease Details Page 5
Company Overview Page 6
Section 2: The Property
Site Plan Page 7
Site Aerial Page 8
Section 3: Maps & Aerials
City Aerial Page 9
Location Context Page 10
Section 4: Analysis
Demographic Analysis Page 11
Contact Page 12
Representative Photo
DOLLAR GENERAL | HURON, CA
Property & Lease Details
The Offering
Property Address 36281 Lassen Ave. Huron, CA 93234
Tentant Dolgen California, LLC
Guarantor Dollar General Corporation
Site Description
Year Built 2019
Building Square Feet Approximately 9,100 SF
Lot Size Approximately 1.18 Acres
Construction Type Structural Steel & Split-Face Concrete Masonry
Offering Overview
Embree Capital Markets Group is pleased to offer for sale, a high-
quality, single-tenant, net-leased, discount retail asset. It is a unique Investment Summary
opportunity for an investor to acquire a build-to-suit, well-located, Asset Class Single- Tenant, Net Leased Retail
investment-grade, credit-tenant asset in a desirable California Annual Rent $132,864
geography. Monthly Rent $66,432
CAP Rate 6.00%
Area Description Purchase Price $2,215,000
Huron is a city in Fresno County, California, United States. The Commencement Date 12/8/19
population was 6,754 per the 2010 census, up from 6,306 in the 2000 Lease End Date 12/31/34
census. During the harvest season, the population swells to over Lease Term 15-Years
15,000 people due to the influx of migrant farm workers. The city is
Lease Type NNN (No Landlord Responsibilities)
located just off Interstate 5 approximately 50 miles west of Visalia, CA,
50 miles southwest of Fresno, CA, and 93 miles northwest of Lease Escalations 10% at Each Option
Bakersfield, CA. Renewal Options Three, 5-Years
DOLLAR GENERAL | HURON, CA
5
Company Overview
Dollar General Corporation (NYSE: DG) is the nation’s largest “small box”
discount retailer, operating over 15,836 stores in 44 states as of Aug 2019.
The company plans to open approximately 975 new stores, remodel 1,000
stores, and relocate 100 stores in 2019 for a total of 2,075 real estate projects.
In 2018 Dollar General opened over 750 new stores, remodeled over 925
stores, and relocated approximately 100 stores.
In 2017 Dollar General Opened a company record of 1,315 new stores and
executed 2,079 total real estate projects in 2017.
Based in Goodlettsville, Tennessee, the company was founded in 1939
and has weathered 12 technical recessions.
Moody’s recently upgraded Dollar General Corporation’s credit rating from
Baa3 to Baa2 on June 1, 2016.
The company makes shopping for everyday needs simpler and hassle free by
offering a carefully edited assortment of the most popular brands at low
Investment Summary everyday prices in small, convenient locations. Dollar General ranks among
the largest retailers of top-quality brands made by America’s most-trusted
Company Type Public (NYSE: DG) manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever,
Kellogg’s, General Mills and Nabisco.
2016 Revenue $22 billion+ 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
Store Count 14,320+ includes paper and cleaning products, food (including packaged and
perishables), beverages and snacks, health and beauty products, and pet
supplies.
Employees 121,000+
Dollar General Corporation (NYSE: DG) has experienced 28 consecutive
S&P Credit Rating BBB years of same-store sales growth (3.8% increase Q1 2019). 2017 Fiscal year
same-store sales in-creased 2.7% and 2.8% in the 3rd Quarter of 2018.
Website www.DollarGeneral.com Dollar General is ranked #119 in the Fortune 500, in 2018 Dollar General was
ranked #123 and in 2017 ranked #128.
DOLLAR GENERAL | HURON, CA
6Elevations & Site Plans
Elevation - Front Elevation - Left
Elevation - Rear Elevation - Right
DOLLAR GENERAL | HURON, CA
7Site
Aerial
Los Amigos
Food Center
Huron Valley
Foods
Lassen Ave
Huron
City Hall
DOLLAR GENERAL | HURON, CA
8Town
Aerial Chesnut
Highschool
Palmer Ave
Huron
Elementary
Los Amigos
Food Center
Huron Valley
Foods
Lassen Ave
0 Street
et
re
h St
9t
1 - 3 Minute Drive
DOLLAR GENERAL | HURON, W
C TAo r n a d o Ave
9Location Context
State Region
DOLLAR GENERAL | HURON, CA
10Demographic Analysis • Huron, CA
1 Mile 3 Miles 5 Miles
Population
2019 Population 7,302 7,315 7,409
2024 Projection 7,590 7,604 7,700
Growth 2019-2024 3.94% 3.95% 3.93%
Households
2019 Households 1,729 1,733 1,753
2024 Projected households 1,806 1,809 1,830
Growth 2019-2024 4.45% 4.39% 4.39%
Average Household Income
Average Household Income $38,566 $38,566 $38,590
Less than $25,000 839 839 848
$25,000-$50,000 494 494 501
$50,000-$75,000 203 203 207
$75,000-$100,000 109 109 111
$100,000+ 85 85 86
DOLLAR GENERAL | HURON, CA
11About Embree
Embree Group of Companies provides nationwide
turnkey real estate services, specializing in build-
to-suit development, design/build, general
construction, program management, and capital
markets for specialty retail, financial, automotive,
restaurant, healthcare and senior living facilities.
Exclusively Presented By: Embree’s fully integrated, in-house services allow
us to become an extension of the client’s
Josiah Byrnes organization. Since 1979, Embree’s foundation has
been built on developing tailored programs for
Executive Vice President 300+ national clients. The firm is headquartered
near Austin, Texas, with regional offices located in
Phoenix and the DFW area. Over the past 40 years,
Embree’s executive team has developed, built, or
Klinton Lewis transacted more than 13,000 assets in all 50 states,
Puerto Rico, and Canada with a total market value
Brokerage Associate in excess of $10 billion.
KLewis@EmbreeGroup.com
+1.512.819.4729
www.EmbreeGroup.com
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