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Views: 42 Updated: 08.21.24 Posted: 07.15.24 Status: Inactive 08.21.24

Summary

Price $1,818,080
Built/Renov 2016
Tenant Dollar General
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 04-17-2017
#Units 19,986
Price/SF $201.43
Expiration 04-30-2032
Tenant Type Dollar/Discount
NOI $90,904
R. Term 7.5
Ownership Fee Simple
Rent/SF $10.07
Increases 10.0%/5/yrs
Pop 5Mi 4,164
Lot/AC 1.33
Options 3/5yrs/10%
AHHI 5Mi $174,817

Lease Highlights

  • Dollar General has 7+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on FM1788, with access to 7,358 vehicles passing by daily. The property is directly connected to Route 158 (18,700 VPD) and is in close proximity to the Permian Basin. The immediate area boasts well-known national tenants including Target, Home Depot, Pizza Hut, Sonic, Starbucks, and more. Key amenities include the Scharbauer Sports Complex, Grande...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corporation
  • # 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 : 492 2,781 4,411
2023 Total Population : 384 2,301 3,777
2023 Employed Civilian Pop : 262 1,482 2,354
2023 Total Businesses : 37 72 254
2023 Average Household Income : $ 143,869 $ 134,154 $ 145,465
2023 Total Consumer Spending : $ 17 M $ 95 M $ 163 M
2023 Median Age : 43 43 42
2023 Total Households : 144 821 1,298
2023 Pop Age 25+: Bachelor's Degree : 40 235 429
2023 Average Home Value : $ 347,881 $ 394,850 $ 413,531
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ranch Rd 1788 2021 7,358 0.69 mi
TX 360 W Co Rd 30 2020 6,236 0.69 mi
TX 360 FM 1788 S 2020 9,453 0.91 mi
Hwy 349 2021 10,209 0.91 mi
TX 360 Ranch Rd 1788 2020 6,160 1.06 mi
E Goldenrod Dr N Windswept Ave 2002 450 1.15 mi
FM 1788 S 2021 6,314 1.18 mi
E Cottonwood Rd Midway 2002 640 1.23 mi
N Loyola Ave Cottonwood Rd 2012 580 1.54 mi
Fx Radio 2021 7,260 1.77 mi

Listing Broker

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