Listed by Matthews
$1,252,800
Dollar General | Texas | 46,510 Residents
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,026
Cap Rate 8.00%
NOI $100,224
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 03/31/2029
Remaining Term 3
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 2014
Acreage 1.350
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/16/2014
Ground Lease No
Ownership Fee Simple
ABS NNN | 8.00% CAP | Income Tax Free State
Investment highlights
- 2014 build-to-suit construction for Dollar General
- Absolute NNN Lease - Zero Landlord Responsibilities
- Five Mile population in excess of 46,510 residents
- Corporately guaranteed lease from Dollar General Corporation
- Texas is an income tax-free state
- Average household income of $61,512, which is considered to be an income "sweet spot" for Dollar General
- Nearby national tenants include Exxon, HEB, Planet Fitness, Chick-Fil-A, McDonald's, and more
- Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
- Dollar General has an investment-grade credit rating of BBB (S&P)
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
- Dollar General has a Market Cap of over 25 Billion
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,224.00
$8,352.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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