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Views: 25 DOM: 30 Updated: 04.16.24 Posted: 04.16.24 Status: Active

Summary

Price $2,145,000
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,651
Lease Start 03-15-2024
#Units 19,986
Price/SF $201.39
Expiration 03-15-2039
Tenant Type Dollar/Discount
NOI $139,420
R. Term 14.10
Ownership Fee Simple
Rent/SF $13.09
Increases 5.0%/5/yrs
Pop 5Mi 1,094
Lot/AC 1.80
Options 5/5yrs/5%
AHHI 5Mi $68,269

Lease Highlights

  • Brand new 2024 construction
  • Dollar General recently executed a brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the hard corner intersection of TX-144 and FM 927/Texas Ave, with access to 2,434 vehicles passing by daily. The property benefits from limited competition, serving as the sole Dollar Store for Walnut Springs. Less than half a mile from the site lies Walnut Springs ISD, the Walnut Springs Post Office, the city offices, the community center, the fire...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 798 973 1,151
2023 Total Population : 810 988 1,168
2023 Employed Civilian Pop : 298 366 437
2023 Total Businesses : 21 23 27
2023 Average Household Income : $ 63,950 $ 68,412 $ 72,166
2023 Total Consumer Spending : $ 17 M $ 21 M $ 28 M
2023 Median Age : 38 41 43
2023 Total Households : 294 356 437
2023 Pop Age 25+: Bachelor's Degree : 38 53 69
2023 Average Home Value : $ 152,104 $ 186,067 $ 215,692
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
C Avenue Russell St 2022 2,299 0.14 mi
3rd St 2022 702 0.25 mi
C Avenue 3rd St 2020 2,764 0.32 mi
C Avenue Texas St 2022 2,764 0.32 mi
Texas Street 4th St 2022 663 0.40 mi
3rd Street W Norway St 2022 2,807 0.41 mi
Ross Rd S Hawley St 2010 60 0.45 mi
W Greenland St Hawley Ave 2010 220 0.74 mi
Dallas St 2022 462 0.74 mi
3rd Street E Greenland St 2022 2,463 0.74 mi

Listing Broker

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