Dollar General

619 West Corsicana Street, Athens, TX 75751

$2,020,000

Cap Rate 6.50%

Views: 136 DOM: 492 Updated: 09.13.24 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 3.6	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 over 4 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 features 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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Key Features

Highway location
Income tax free state
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Athens, Texas Zip Code 75751 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

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

Jereme Snyder

Colliers NNN Group

Contact

158 Listings
17675 Views
55 Sold

Eric Carlton

Colliers NNN Group

Contact

170 Listings
19006 Views
58 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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