Listed by NorthMarq, Northmarq
$1,531,234
Dollar General
Details
APN 00082-07800-01341-000000
Property Type Retail
Sub Type Convenience Store
Square Footage 9,147
Cap Rate 6.4%
NOI $97,999
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2035
Remaining Term 9.4
Rent Bumps Yes
Lease Options 5, 5yr
Price per SqFt $167
Year Built 2020
Acreage 1.780
Parking Spaces 30 spaces
Parking per 1,000 SqFt 3.28
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/26/2020
Ground Lease No
Ownership Fee Simple
Retail | 6.40% CAP | 9,147 SqFt
Marketing description
Offered for sale is a Dollar General located in Rio Grande City, Texas. Dollar General is currently in year 6 of a 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 a tax-free state.
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
- HIGH RANKING DOLLAR GENERAL PERFORMER | TOP 1K NATIONWIDE | TOP 150 IN TEXAS
- STRONG DEMOGRAPHICS | BORDER TRAFFIC (CAMARGO BRIDGE) 888,732 CROSSINGS ANNUALLY
Listing Contacts
Listed by NorthMarq, Northmarq
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,998.96
$8,166.58/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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