loader
Join Free
Views: 124 DOM: 219 Updated: 07.19.24 Posted: 04.16.24 Status: Active

Summary

Price $2,097,000
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,651
Lease Start 03-15-2024
#Units 19,986
Price/SF $196.88
Expiration 03-15-2039
Tenant Type Dollar/Discount
NOI $139,420
R. Term 14.3
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...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


...

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity