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DOM: 340 Updated: 11.25.24 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 9.4
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 9+ 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 lease | 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

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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
2029 Total Population : 115 613 929
2024 Total Population : 120 640 968
2024 Employed Civilian Pop : 54 286 410
2024 Total Businesses : 8 24 28
2024 Average Household Income : $ 76,262 $ 76,317 $ 75,090
2024 Total Consumer Spending : $ 4 M $ 21 M $ 30 M
2024 Median Age : 55 55 56
2024 Total Households : 61 306 445
2024 Pop Age 25+: Bachelor's Degree : 15 78 111
2024 Average Home Value : $ 286,765 $ 294,742 $ 283,397
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Co Rd 046 2022 1,549 0.21 mi
Sam Rayburn Parkway Co Rd 067 2022 1,800 0.29 mi
Co Rd 062 Co Rd 66 2011 150 0.62 mi
State Highway 63 Hwy 255 2022 2,925 0.68 mi
Co Rd 69 Hwy 63 2011 210 1.07 mi
Co Rd 062 Dogwood Parker Br 2011 90 1.32 mi
Co Rd 032 Hwy 255 2011 160 1.87 mi
Co Rd 032 Co Rd 039 2011 200 1.88 mi
Co Rd 032 Co Rd 031 2011 60 1.89 mi
Co Rd 032 Co Rd 075 2011 170 2.09 mi

Listing Broker

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Patrick Nutt

SRS National Net Lease Group

Contact
  • 262 Listings
  • 49516 Views
  • 117 Sold
William Wamble

SRS National Net Lease Group

Contact
  • 186 Listings
  • 39499 Views
  • 69 Sold

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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