DOLLAR GENERAL | BAIRD, TEXAS

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
Three (3) - Five (5) Year
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)

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