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Views: 198 DOM: 585 Updated: 10.06.24 Posted: 05.16.23 Status: Active

Summary

Price $2,020,000
Built/Renov 2013
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,480
Lease Start 04-01-2013
#Units 19,986
Price/SF $161.86
Expiration 03-31-2028
Tenant Type Dollar/Discount
NOI $131,350
R. Term 3.3
Ownership Fee Simple
Rent/SF $10.52
Increases 10.0%/5/yrs
Pop 5Mi 17,160
Lot/AC 1.12
Options 4/5yrs/10%
AHHI 5Mi $78,169

Lease Highlights

  • Dollar General has 3+ years remaining on its primary lease term with 3 (5-year) options to renew
  • Lease features a 10% rental increase in every option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong corporate guaranteed lease (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)
  • Income tax free state

Location Description

This Dollar General is strategically located along W Corsicana Street (Hwy 31) on a large 1.12-acre lot. The 5-mile trade area is supported by over 17,000 residents, and 9,000 daytime employees earning an annual household income of $78,169. Athens is a city and the county seat of Henderson County, Texas. As of the 2020 census, the city population was 12,857. The city has called itself the...

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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 : 4,654 13,606 17,587
2023 Total Population : 4,707 13,473 17,326
2023 Employed Civilian Pop : 1,644 5,529 7,178
2023 Total Businesses : 363 888 1,010
2023 Average Household Income : $ 52,850 $ 67,359 $ 68,325
2023 Total Consumer Spending : $ 70 M $ 298 M $ 391 M
2023 Median Age : 29 36 38
2023 Total Households : 1,504 5,058 6,517
2023 Pop Age 25+: Bachelor's Degree : 224 1,126 1,570
2023 Average Home Value : $ 128,734 $ 187,847 $ 205,126
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Gauntt St W Tyler St 2013 1,878 0.06 mi
West Corsicana Street Sawyer St 2021 10,247 0.08 mi
West Corsicana Street N Gauntt St 2020 9,222 0.08 mi
Sawyer St S Gauntt St 2013 216 0.08 mi
N Edwin St 2013 1,219 0.11 mi
W Corsicana St Sawyer St 2018 8,225 0.17 mi
W Tyler St Maple St 2013 1,496 0.18 mi
US Highway 175 West W Tyler St 2021 6,274 0.27 mi
W Scott St 6th St 2013 721 0.32 mi
W College St S Gauntt St 2013 884 0.33 mi

Listing Broker

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