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Dollar General

South Rangerville Road, Harlingen, TX 78552

$2,150,000

Cap Rate 6.50%

Views: 152 DOM: 355 Updated: 11.21.24 Posted: 12.01.23 Status: Sold 11.21.24

Summary

Price $2,150,000
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 03-01-2024
#Units 19,986
Price/SF $203.48
Expiration 02-28-2039
Tenant Type Dollar/Discount
NOI $139,750
R. Term 14.2
Ownership Fee Simple
Rent/SF $13.23
Increases 5.0%/5/yrs
Pop 5Mi 98,674
Lot/AC 2.00
Options 5/5yrs/5%
AHHI 5Mi $70,848

Chance Hales
Trinity REIS
Contact

Branson Blackburn
Trinity REIS
Contact

Cody Crist
Trinity REIS
Contact

Eric Kelley
Trinity REIS
Contact

Lease Highlights

  • Brand new 2024 construction
  • Dollar General recently signed a brand new 15-year lease with 5 (5-year) options to extend
  • 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 is strategically located on Rangerville Road, with direct access to Interstate 65 (100,000 VPD). The area is surrounded by well-known national tenants, including Family Dollar, Valero, Advanced Auto Parts, and more. Additionally, the property is in close proximity to community establishments and educational institutions such as Bonita Apartments, Harlingen South High School, and...

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Key Features

  • New construction

  • Near major nationals

  • Freeway close

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Dollar General Wikipedia Dollar General Wikipedia Harlingen, Texas Zip Code 78552 Broker Site Page

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,493 58,486 100,725
2023 Total Population : 10,502 58,763 100,716
2023 Employed Civilian Pop : 4,069 23,273 40,396
2023 Total Businesses : 148 2,415 3,229
2023 Average Household Income : $ 57,266 $ 64,700 $ 70,867
2023 Total Consumer Spending : $ 180 M $ 1197 M $ 2194 M
2023 Median Age : 33 35 35
2023 Total Households : 3,523 20,901 35,072
2023 Pop Age 25+: Bachelor's Degree : 529 5,209 9,132
2023 Average Home Value : $ 92,955 $ 126,366 $ 140,127
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Expressway 83 W Tyler Ave 2021 10,197 0.11 mi
U.S. Highway 77 Rangerville Rd 2021 95,006 0.11 mi
W Taft Ave 2021 10,026 0.12 mi
US Hwy 77 S Rangerville Rd 2000 77,000 0.13 mi
South Rangerville Road Hwy 77 S 2020 9,332 0.14 mi
South Rangerville Road Rangerville Rd 2021 8,621 0.14 mi
W Taft Ave S D St 2014 3,597 0.26 mi
F St Hwy 77 N 2014 8,858 0.29 mi
Botts Park Dr Hwy 77 2002 87,000 0.38 mi
S F St W Louisiana St 2002 78,000 0.41 mi

Listing Broker

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