DOLLAR GENERAL | BAIRD, TEXAS
INVESTMENT SUMMARY
Purchase Price
$1,235,530
Location
708 Cherry Street
Cap Rate
6.47%
Annual Rent
$79.00
Building Size
7,489 SF
Land Area
2.01 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
13 Years
LEASE EXPIRATION
5/31/2033
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2018
APN
R000011634
Traffic Counts
9,972 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- 13 Years of Guaranteed Lease Term
- 2018 Construction Build-to-Suit Dollar General
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
BAIRD, TEXAS:
- A Vibrant Community Located 20 Miles East of Abilene on Interstate 20
- The County Seat of Callahan County
- Established in 1880 - Baird Has a Rich, Colorful History from Cattle Trails to Railroad Tracks and the Interstate Highway
- Baird Boasts a Strong Civic Spirit and a Booming Local Economy
- The Town Has Billed Itself as the "Antique Capital of Texas" Since the Early 1990s on Account of its High Concentration of Antique and Knick-Knack Stores Relative to its Size
PROXIMITY TO OTHER MAJOR CITIES:
- Abilene, Texas | 20 Miles - 23 Minute Drive
- San Angelo, Texas | 112 Miles - 1 Hour: 49 Minute Drive
- Fort Worth, Texas | 129 Miles - 1 Hour: 54 Minute Drive
- Waco, Texas | 161 Miles - 2 Hour: 45 Minute Drive
- Austin, Texas | 201 Miles - 3 Hour: 27 Minute Drive
- Dallas, Texas | 303 Miles - 4 Hour: 43 Minute Drive
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 16,500 Stores in 46 States as of May 1, 2020
- Dollar General Plans to Undertake Some 2,600 Real Estate Projects in 2020, Including 1,000 New Store Openings (Up From 975 in 2019), 1,500 Mature Store Remodels, and 80 Store Relocations
- Ranked #119 on the Fortune 500 List - Up 4 from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for the 10th Consecutive Year)