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Dollar General - Oroville, CA

The subject property is located just off the intersection of the southwest corner of Oroville Dam Boulevard East and Lincoln Street, adjacent to a Jack in the Box and across from a Big Lots-anchored shopping center which is also home to Rent-A-Center and Dollar Tree (see Aerial).

 

Behind the Jack in the Box is another regional retail center.

 

On Oro Dam, opposite the intersection are a UPS Store, Bank of America, and a KFC. Less than a mile to the west of the site is a Big 5 Sporting Goods and a Food Maxx-anchored center, which is also home to Wells Fargo, CVS, Quiznos, Round Table Pizza, Anytime Fitness, Payless Shoe Source, and Radio Shack. A Toyota dealership is also in the immediate area directly to the west of the site (see aerial).

 

The subject site is surrounded by household name destination retail. It also benefits from limited retail discounter competition. The new site will attract consumers from all four corners of the surrounding residential and manufacturing areas.

 

The city of Oroville was formerly known as Ophir City and is the county seat of Butte County, California. The Berry Creek Rancheria of the Maidu Indians of California is headquartered in Oroville, CA. Oroville is situated on the banks of the Feather River that flows out of the Sierra Nevada onto the flat floor of the California Central Valley. Feather Falls is the sixth highest waterfall in the United States and is in the Plumas National Forest. Oroville, California in 1900 earned its place on the map by becoming the olive canning capital of the state. It is the home to the largest olive canning factory in the U.S.

 

The other major employers in Oroville are: Oroville Medical Complex, which is located 3 miles from the subject site to the east, Pacific Coast Produce Plant (see aerial), WalMart, Roplast Industries, Ammunition Accessories, and Sierra Pacific Industries. The region is known for its welcoming of manufacturing and warehousing industry out of the Sacramento Valley industrial landscape. In 2009, Oroville retained the services of Chabin Concepts to be the keynote speakers at the Pulse of Industry Convention. Chabin Industries assisted the Chamber of Commerce and the City with attracting industry into Oroville and away from Sacramento and the surrounding regions. Oroville's growth can be contributed to Sacramento's exit of manufacturing and warehousing industries. Oroville was/is primed to be the next central California location for manufacturing and warehousing because it is rich in skilled labor, easily accessible to trucking and rail, open available land for building, ease in access to water, gas and electricity and ease in zoning alignment. With this model in place, Oroville shall continue to grow in population, and with that the need for housing.

Additional Info

  • Address: : 2626 Lincoln Blvd., Oroville, CA 95966
  • Price: : $2,595,300
  • Net Rentable Area: : 9,100
  • Lot Size (Acres): : .99
  • CAP Rate: : 6.00%
  • Price Per Sqft: : $285.20
  • NOI: : $155,716
  • Year Built: : 2014
  • Status: : Available