Dollar General
Retail | 6.40% CAP | 9,100 SqFt
Marketing description
Offered for sale is a Dollar General located in Moulton, Texas. Dollar General is currently in year 5 of an 15-year Absolute NNN lease (No Landlord Responsibilities). The lease features 10% increases at each option with 5, 5-year options and a corporate guarantee. Texas is an income-tax free state.
This site has a corporate guarantee from Dollar General. In just over 80 years of success, Dollar General has become an investment grade giant in the retail space, with 20,893 locations in 44 states and a market cap of $22 billion.
The site has a lot size of 1.6 acres on an ideal corner lot along the main thoroughfare, Highway 95, which sees almost 4,000 vehicles per day. This Dollar General, due to its corner lot location, has a unique corner-entry build that stands out from the main thoroughfare of Moulton.
Besides a small local marketplace, Dollar General is the only retail provider in the city of Moulton, providing consistent and durable income. Moulton is located just south of Interstate 10 between San Antonio and Houston. This Dollar General is located in the heart of Moulton, seeing daily traffic from the nearby residential community and Moulton High School and Moulton Elementary.
Investment highlights
- ABS. NNN | 15-YEAR LEASE | 10% RENT INCREASES | FIVE, 5-YEAR RENEWAL OPTIONS | INCOME-TAX FREE STATE
- INVESTMENT GRADE TENANT | (NYSE: DG) | CREDIT RATING (S&P: BBB) | CORPORATE GUARANTEE | 20K+ STORES
- CORNER LOT | LOT SIZE 1.55 ACRES
- TRAFFIC GENERATORS | LIMITED RETAIL COMPETITION
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