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Views: 129 Updated: 04.16.24 Posted: 12.01.23 Status: Inactive

Summary

Price $2,222,860
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 03-01-2024
#Units 19,294
Price/SF $175.21
Expiration 02-28-2039
Tenant Type Dollar/Discount
NOI $144,485
R. Term 14.5
Ownership Fee Simple
Rent/SF $11.39
Increases 5.0%/6/yrs
Pop 5Mi 8,438
Lot/AC 2.00
Options 5/5yrs/5%
AHHI 5Mi $90,712

Lease Highlights

  • Brand-new 2024 construction
  • Dollar General Market recently signed a brand-new 15-year lease with 5 (5-year) options
  • Lease features 5% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General Market is strategically located on FM 1283 Highway, providing a location with limited retail competition. The site serves as the primary source of retail goods within a 2-mile radius. Surrounding the property are several community establishments, including Hill Country Elementary School, Lakehills Library & Community, and the Western Heritage Cowboy Church. The 5-mile trade area...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Market
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,294
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • 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 : 512 4,565 8,926
2023 Total Population : 510 4,354 8,503
2023 Employed Civilian Pop : 295 2,126 3,936
2023 Total Businesses : 5 50 127
2023 Average Household Income : $ 82,021 $ 86,087 $ 90,168
2023 Total Consumer Spending : $ 15 M $ 135 M $ 280 M
2023 Median Age : 51 51 51
2023 Total Households : 218 1,831 3,588
2023 Pop Age 25+: Bachelor's Degree : 169 699 1,406
2023 Average Home Value : $ 236,316 $ 240,152 $ 268,750
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Oak Valley Dr FM 1283 2010 270 1.44 mi
FM 1283 Red Bluff Ranch Rd 2021 4,547 1.95 mi
Lakewood Dr Lakeridge Loop 2010 920 1.98 mi
English Crossing Rd Red Bud Ln 2010 970 2.28 mi
FM 1283 Center St 2013 3,998 2.84 mi

Listing Broker

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