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34419582
34419581

5419 US Highway 190 E, Livingston, TX 77351 For Sale

JB
TX 688810
Matthews
Listed by Matthews
$1,621,111
3 days on market
Updated 3 days ago

Dollar General | Houston TX MSA | Abs NNN Lease

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 10,640
Cap Rate 6.75%
NOI $109,425
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options Three, 5-Year Options
Class B
Year Built 2016
Buildings 1
Acreage 2.200
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/26/2016
Ground Lease No
Ownership Fee Simple

Close Proximity to Lake Livingston | Large 2.20 Acre Lot

Marketing description

Located in Polk County in East Texas, Livingston serves as the regional hub for government, commerce, and outdoor recreation in a fast-growing corridor north of the Houston metropolitan area. The community benefits from its proximity to Lake Livingston, one of the largest lakes in Texas, which attracts visitors year-round for boating, fishing, and tourism. With convenient access to major highways connecting the area to Houston and the broader Gulf Coast economy, Livingston offers residents and businesses a balance of small-town affordability and connectivity to one of the nation's largest economic regions.

Population growth in Polk County and surrounding East Texas communities has been supported by retirees, second-home buyers, and workforce households seeking lower housing costs compared to the Houston metro. Livingston's economy is anchored by government services, healthcare, retail trade, and outdoor tourism tied to the lake and nearby forests. The city's role as the county seat and service center for surrounding rural communities provides stable demand for retail, medical services, and housing. As regional population continues to expand outward from the Houston area, Livingston is positioned to benefit from increased residential development and tourism-driven economic activity.

Investment highlights

  • 2016 build-to-suit construction for Dollar General
  • Larger 10,640 SF Dollar General PLUS prototype
  • Absolute NNN lease structure with zero landlord responsibilities
  • Corporately guaranteed lease from Dollar General Corporation
  • 10% rent increases in each of the Three, 5-Year renewal periods
  • Average household income of $93,153 annually
  • Large 2.20 Acre lot
  • Approximately 70 miles northeast of Houston, part of the broader Houston regional trade area
  • The store is located just East of Lake Livingston, one of the largest lakes in Texas and a major recreation destination
  • Leased to Dollar General Corporation, rated BBB by S&P (investment-grade)
  • National retailer with over 21,000 locations and active growth strategy
  • Designated essential business, demonstrating operational resilience and profitability during and beyond the COVID-19 period

Listing Contacts

JB
TX 688810
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$109,425.00
$9,118.75/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Patrick Graham
License
528005
Title
Broker of Record
Name
Josh Bishop
License
688810
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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