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Views: 71 DOM: 92 Updated: 08.22.24 Posted: 06.07.24 Status: Active

Summary

Price $1,209,000
Built/Renov 2019
Tenant Dollar General
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,230
Lease Start 09-01-2019
#Units 19,986
Price/SF $130.99
Expiration 09-30-2034
Tenant Type Dollar/Discount
NOI $81,600
R. Term 10.0
Ownership Fee Simple
Rent/SF $8.84
Increases 10.0%/10/yrs
Pop 5Mi 4,018
Lot/AC 2.00
Options 3/5yrs/10%
AHHI 5Mi $82,749

Lease Highlights

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

Location Description

Dollar General is strategically located on State Hwy 63, with access to 3,200 vehicles passing by daily. The property enjoys a competitive edge with limited nearby competition, making it a convenient discount store option for both highway travelers and local residents. It is also conveniently situated near Sam Rayburn Lake and numerous parks within a 3-mile radius, as well as being just one...

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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:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock:https://www.google.com/finance/quote/DG:NYSE?window=MAX

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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Listing Broker

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