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Views: 33 DOM: 67 Updated: 05.05.24 Posted: 03.10.24 Status: Active

Summary

Price $1,230,677
Built/Renov 2020
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,242
Lease Start 11-23-2020
#Units 19,294
Price/SF $133.16
Expiration 11-30-2035
Tenant Type Dollar/Discount
NOI $79,994
R. Term 11.6
Ownership Fee Simple
Rent/SF $8.66
Increases 10.0%/11/yrs
Pop 5Mi 2,766
Lot/AC 2.00
Options 3/5yrs/10%
AHHI 5Mi $98,062

Lease Highlights

  • Dollar General has 11+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Texas Highway 54, with access to 5,700 vehicles passing by daily. This prime location is further enhanced by limited competition in the area. The 5-mile trade area is supported by a population of 2,766 residents with an average household income of $98,062. Sulphur Springs is a city in and the county seat of Hopkins County, Texas. As of the 2020...

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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:19,294
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 84 915 2,766
2023 Total Population : 85 925 2,801
2023 Employed Civilian Pop : 44 438 1,295
2023 Total Businesses : 2 10 41
2023 Average Household Income : $ 101,345 $ 100,441 $ 98,091
2023 Total Consumer Spending : $ 3 M $ 31 M $ 94 M
2023 Median Age : 48 45 48
2023 Total Households : 33 348 1,078
2023 Pop Age 25+: Bachelor's Degree : 8 75 273
2023 Average Home Value : $ 253,333 $ 268,317 $ 279,495
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Co Rd 1190 2019 5,702 0.09 mi
Hwy 154 2022 763 0.33 mi
Co Rd 1190 2022 5,132 0.49 mi
Co Rd 1197 2022 532 0.79 mi
Co Rd 1442 2022 5,638 0.99 mi
Co Rd 1445 2022 641 2.22 mi
Co Rd 2436 2022 699 2.38 mi

Listing Broker

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