Dollar General
Retail | 6.40% CAP | 9,100 SqFt
Marketing description
Offered for sale is a Dollar General located in La Villa, Texas. Dollar General is currently in year 7 of a 15-year Abs. NNN lease. The lease features 10% increases at each option with 3, 5-year options and a corporate guarantee. Texas is a tax-free state.
The city of La Villa is limited when it comes to retail options, making this Dollar General a vital source of produce and other items for residents of the city. It's position directly across the street from La Villa High School creates increased customer traffic. The city itself has a strong average household income for Texas, coming in at just over $72,000 per household.
This site sits at the entrance of La Villa South Subdivision and is strategically positioned directly across the street from La Villa South High School, Middle School, and Elementary School.
Investment highlights
- ABS. NNN | 15-YEAR LEASE | 10% RENT INCREASES | THREE, 5-YEAR OPTIONS | TAX-FREE STATE
- INVESTMENT GRADE TENANT | (NYSE: DG) | CREDIT RATING (S&P: BBB) | CORPORATE GUARANTEE | 20K+ STORES
- LIMITED RETAIL COMPETITION | $72K+ 1-MILE HOUSEHOLD INCOME
- STRATEGIC LOCATION
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