DOLLAR GENERAL | BRAZORIA, TEXAS

Purchase Price
$1,595,138
Location
20198 TX-36
Cap Rate
5.75%
Annual Rent
$91,720.44
Building Size
9,100 SF
Land Area
2.27 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
10.5 Years
LEASE EXPIRATION
12/31/2032
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2017
APN
0020-0874-000
Traffic Counts
13,717 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 10.5 Years of Guaranteed Lease Term
  • 2017 Build to Suit Construction
  • Five (5) - 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
 

PROXIMITY FROM BRAZORIA, TX:

  • Freeport, TX | 17 Miles
  • Houston, TX | 55 Miles
  • Beaumont, TX | 137 Miles
  • Austin, TX | 172 Miles
  • San Antonio, TX | 207 Miles
  • Waco, TX | 216 Miles
  • Dallas, TX | 293 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 1,014 Residents | $70,824 Average Household Income
  • 3-Mile: 5,361 Residents | $84,485 Average Household Income
  • 5-Mile: 12,165 Residents | $85,812 Average Household Income
  • 7-Mile: 25,350 Residents | $90,098 Average Household Income
 

GREATER HOUSTON:

  • Home to 7.1 Million People
  • Houston-The Woodlands-Sugar Land MSA Encompasses Nine Counties in Southeast Texas
  • The 5th Most Populous MSA in the United States
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,566 Stores in 47 States as of July 29, 2022
  • Ranked #106 on the Fortune 500 List

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