DOLLAR GENERAL | BARTLETT, TEXAS
INVESTMENT SUMMARY
Purchase Price
$780,000
Location
501 Dalton St
Cap Rate
7.00%
Annual Rent
$54,600.00
Building Size
9,100 SF
Land Area
2.06 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
5.4 Years
LEASE EXPIRATION
3/31/2030
Renewal Options
RENT INCREASES
$300 Per Month at Options
Parking
46 Spaces
Year Built
2005
APN
R-06-5002-1101-00
Traffic Counts
5,379 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 5.4 Years Remaining in Existing Lease Term (Lease Exp: 03/31/2030)
- 2005 Build-to-Suit Construction - 9,100 SF
- Two (2) - Five (5) Year Options
LONG TERM OPERATING HISTORY - 20+ YEARS:
- Dollar General Has Been Operating at this Location for 20+ Years
RECENT LEASE EXTENSION - NOVEMBER 2024:
- Tenant Just Extended the Lease for an Additional 5 Years Through March 31, 2030
NN LEASE - MINIMAL LANDLORD RESPONSIBILITIES:
- Landlord Responsibilities Limited to Roof, Parking Lot, HVAC & Structure
PARKING LOT MAINTENANCE RESPONSIBILITIES:
- Tenant Contributes $488 Per Month ($5,856.00 Per Year) for Parking Lot Maintenance Expenses
- Increases by 15.38% to $563.38 Per Month ($6,760.56 Per Year) in Option 1
- Increases by 13.33% to $638.50 Per Month ($7,662.00 Per Year) in Option 2
PROXIMITY FROM BARTLETT, TEXAS:
- Georgetown, TX | 23 Miles
- Austin, TX | 51 Miles
- Waco, TX | 58 Miles
- College Station, TX | 84 Miles
- San Antonio, TX | 129 Miles
- Dallas, TX | 151 Miles
- Houston, TX | 165 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 1,662 Residents | $79,120 Average Household Income
- 3-Mile: 2,041 Residents | $80,832 Average Household Income
- 5-Mile: 3,116 Residents | $82,841 Average Household Income
- 7-Mile: 6,216 Residents | $86,086 Average Household Income
BOOMING POPULATION GROWTH:
- 1-Mile: 2.70% Annually (13.50% Projected Over the Next 5 Years)
- 3-Mile: 2.75% Annually (13.75% Projected Over the Next 5 Years)
- 5-Mile: 2.74% Annually (13.70% Projected Over the Next 5 Years)
- 7-Mile: 2.42% Annually (12.10% Projected Over the Next 5 Years)
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #111 on the Fortune 500 List (2024)
- 20,345 Stores in 48 States