Dollar General
Retail | 6.40% CAP | 10,640 SqFt
Marketing description
Offered for sale is a Dollar General located in Zapata, Texas. Dollar General is currently in year 5 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.
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.
It is located off of Highway 83 which sees roughly 14,800 vehicles per day. The site has visible frontage on Zapata's main roadway, Highway 83.
The site has a lot size of 1.44 acres on a corner parcel with a 30 parking spaces. Positioned in a residential area with strong 5-mile demographics of 12,000+ people.
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
- HIGHWAY FRONTAGE | 14.8K+ VPD
- CORNER BUILD | LOT SIZE 1.44 ACRES | 12K+ 5-MILE POPULATION
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