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Views: 91 Updated: 10.20.23 Posted: 04.13.23 Status: Inactive

Summary

Price $1,300,000
Built/Renov 2013
Tenant Dollar General
Cap Rate 6.49%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 03-25-2013
#Units 19,294
Price/SF $144.03
Expiration 03-30-2028
Tenant Type Dollar/Discount
NOI $84,348
R. Term 3.3
Ownership Fee Simple
Rent/SF $9.35
Increases 10.0%/6/yrs
Pop 5Mi 13,527
Lot/AC 2.00
Options 3/5yrs/10%
AHHI 5Mi $80,252

Lease Highlights

  • Dollar General has operated at this location for 10 years and has over 4.5 years remaining on their current lease
  • The lease includes 10% rental increases every 5 years and at the beginning of each option
  • Limited competition as the nearest Dollar General is more than 7 miles from the subject property
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Dollar General Corp. (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically fronting North Highway 146 averaging 9,400 vehicles passing by daily. The asset has excellent visibility via street frontage providing ease and convenience for customers. Furthermore, the site benefits from the limited competition as the nearest Dollar General is more than 7 miles away. The subject property is surrounded by nearby attractions such as an RV park...

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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: 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 162 5,702 14,148
2023 Total Population : 156 5,487 13,654
2023 Employed Civilian Pop : 64 2,281 5,756
2023 Total Businesses : 9 159 692
2023 Average Household Income : $ 79,303 $ 77,777 $ 72,523
2023 Total Consumer Spending : $ 4 M $ 155 M $ 346 M
2023 Median Age : 48 46 42
2023 Total Households : 68 2,237 5,334
2023 Pop Age 25+: Bachelor's Degree : 17 497 1,040
2023 Average Home Value : $ 182,407 $ 204,661 $ 205,901
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
TX 45;RM 620 Mill Gate Rd 2020 7,741 0.03 mi
Clyde Clifton 2021 7,840 0.03 mi
Farm-to-Market Road 1988 Hwy 146 2021 2,525 0.42 mi
Clyde Clifton 2021 8,485 1.48 mi
South Houston Street Kimball Ln 2020 9,381 2.70 mi
South Houston Street Morrison Dr 2021 10,096 2.70 mi

Listing Broker

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