9,026 sq ft
Property Type: Single-tenant Retail
FCA partnered with Embree Group in the ground-up development of this Dollar General Market. The property is located in Tehachapi, CA, which is a relatively small community in the Tehachapi Mountains (approximately 80 miles north of Los Angeles). The sponsor obtained a 15-year lease with the tenant prior to construction, and the building was completed to the tenant’s specifications.
Construction was finished in 2014, at which point this property was sold to a 1031 exchange buyer, thus taking advantage of the tenant’s strong credit rating and the historically low interest rate environment.