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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23189669
23189670

3416 West Loop, El Campo, TX 77437

JB
AZ AZ SA637220000
Embree Group of Companies
Listed by Embree Group of Companies
$2,335,000
399 days on market
Updated 62 days ago

Dollar General

Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 10,857
Net Rentable (SqFt) 10,857
Cap Rate 5.85%
NOI $136,500
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2037
Remaining Term 11.2
Rent Bumps Yes
Lease Options Four, 5-Year
Broker Co-Op Yes
Year Built 2022
Acreage 1.250
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/26/2022
Ground Lease No
Ownership Fee Simple

2022 Dollar General Development | Houston, TX MSA!

Marketing description

Embree Capital Markets Group is pleased to present a prime net lease investment opportunity: a newly constructed, single-tenant Dollar General store located at 3416 West Loop, El Campo, Texas. This 10,857-square-foot property, situated on a 1.25-acre parcel, is secured by a 15-year absolute NNN lease commencing on August 26, 2022. The lease includes 10% rent escalations at each of the four 5-year renewal options, providing investors with long-term income growth and zero landlord responsibilities.

Strategically located along the West Loop, the property benefits from high visibility and accessibility, with daily traffic counts exceeding 11,000 vehicles. El Campo, the largest city in Wharton County, is experiencing steady growth, bolstered by its proximity to Houston, approximately 70 miles to the northwest. The area features a mix of national retailers and local businesses, contributing to a robust economic environment.

This offering provides investors with a stable, long-term asset backed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with a BBB credit rating from S&P. As of February 2024, Dollar General operates over 19,986 retail stores across 48 U.S. states and Mexico, demonstrating its strong market presence and commitment to serving communities nationwide.

Investment highlights

  • 2022 Built-to-Suit

  • 15-Year Absolute NNN Lease

  • 10% Increases at Each Option

  • Four, 5-Year Option Periods

  • Low $12.57 Rent / Sq. Ft.

  • 11,000+ Vehicles Per Day Traffic Count

  • 13,000+ Population With 1-Mile

  • $70,000+ Avg. Household Income Within 1-Mile

Listing Contacts

JB
AZ AZ SA637220000
Embree Group of Companies
Listed by Embree Group of Companies

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$136,500.00
$11,375.00/mo

Valuation Metrics

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DSCR
5.85%
Cap Rate
5.85%
ROI

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