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Views: 115 DOM: 219 Updated: 10.25.24 Posted: 04.16.24 Status: Active

Summary

Price $2,581,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,768
Lease Start 04-15-2024
#Units 19,986
Price/SF $202.15
Expiration 04-15-2039
Tenant Type Dollar/Discount
NOI $167,717
R. Term 14.4
Ownership Fee Simple
Rent/SF $13.14
Increases 5.0%/5/yrs
Pop 5Mi 5,543
Lot/AC 1.84
Options 5/5yrs/5%
AHHI 5Mi $82,116

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Interstate 45, with access to a high daily traffic count of 52,800 vehicles. The property is conveniently located approximately 2 miles from Rice ISD, serving Pre-K through 12th-grade students and classified as a Class 3A school district. The surrounding area boasts well-known national tenants, including Sonic, Family Dollar, Subway, CVS...

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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 : 1,647 4,929 6,492
2023 Total Population : 1,434 4,403 5,977
2023 Employed Civilian Pop : 602 1,920 2,666
2023 Total Businesses : 20 39 63
2023 Average Household Income : $ 70,052 $ 72,693 $ 76,423
2023 Total Consumer Spending : $ 26 M $ 83 M $ 124 M
2023 Median Age : 34 35 37
2023 Total Households : 437 1,305 1,855
2023 Pop Age 25+: Bachelor's Degree : 66 293 467
2023 Average Home Value : $ 169,194 $ 182,107 $ 195,319
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Calhoun St N McKinney St 2004 890 0.22 mi
Rusk St NW 0140 Rd 2004 200 0.23 mi
Calhoun St NW 0140 Rd 2004 1,260 0.24 mi
Jefferson St Co Rd 0180 2004 190 0.30 mi
NW Co Rd 0140 Rusk St 2004 130 0.35 mi
NE 1050 Rd Calhoun St 2004 10 0.61 mi
W Fannin Rd Fulton St 2004 550 0.78 mi
NE 1050 Rd NE Co Rd 1055 2004 10 1.08 mi
FM 1126 2022 56,583 1.45 mi
Frontage Rd 2021 385 1.47 mi

Listing Broker

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