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Views: 52 DOM: 89 Updated: 10.18.24 Posted: 09.28.24 Status: Active

Summary

Price $525,000
Built/Renov 2003
Tenant Dollar General
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,125
Lease Start 10-01-2003
#Units 19,986
Price/SF $64.62
Expiration 09-30-2028
Tenant Type Dollar/Discount
NOI $42,000
R. Term 3.9
Ownership Fee Simple
Rent/SF $5.17
Increases 0.0%/0/yrs
Pop 5Mi 12,487
Lot/AC 1.05
Options 0/0yrs
AHHI 5Mi $109,822

Lease Highlights

  • Dollar General has been operating in this location since 2003
  • The tenant has 3+ years remaining on the current lease term with no options to extend
  • Mininmal landlord responsibilities 
  • Corporate guarantee (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located at the hard corner intersection of State Highway 97 and Main Street, two of the area’s main commercial and commuter corridors, with access to a combined daily traffic count of 12,200 vehicles. The property enjoys excellent visibility and frontage, featuring a pylon sign and easy accessibility. Positioned just down the street from Jourdanton’s downtown,...

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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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Listing Broker

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