DOLLAR GENERAL | DAINGERFIELD, TEXAS
INVESTMENT SUMMARY
Purchase Price
$869,250
Location
309 E W M Watson Blvd
Cap Rate
8.00%
Annual Rent
$69,540.00
Building Size
9,100 SF
Land Area
0.90 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
5.25 Years
LEASE EXPIRATION
06/30/2029
Renewal Options
RENT INCREASES
10% at Options 1 & 3, 17% at Option 2
Parking
31 Spaces
Year Built
2008
APN
8361
Traffic Counts
13,499 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 5.25 Years of Guaranteed Lease Term
- 2008 Build-to-Suit Dollar General
- Three (3) - Five (5) Year Option Periods with Rental Increases
NN LEASE:
- Landlord Responsibilities Limited to Roof, Structure, HVAC & Parking Lot
- Tenant Pays $423.50 Per Month ($5,082.00 Per Year) for Parking Lot Maintenance Expenses
- Tenant is Responsible for Minor Repairs (Costing Less Than $1,000.00 Per Occurrence) to HVAC System
- Tenant is Required to Carry a Quarterly Maintenance Service Contract for the HVAC System
RELOCATION STORE - PROVEN MARKET:
- Dollar General Has Successfully Been Operating in Daingerfield Since 1996
- In 2008, Dollar General Relocated to Its Current Location in Daingerfield
DAINGERFIELD STAE PARK:
- Located 2.8 Miles from the Subject Property
- 507-Acre State Park Which Includes the 80-Acre Daingerfield Lake
- Established in 1938 by the Civilian Conservation Corps (CCC)
- Draws Approximately 75,000 Visitors a Year
- The Park Offers Camping; Boating; Fishing; Swimming; Hiking; Picnicking; and Nature Study
PROXIMITY FROM DAINGERFIELD, TEXAS:
- Texarkana, TX | 56 Miles
- Tyler, TX | 66 Miles
- Shreveport, LA | 85 Miles
- McKinney, TX | 119 Miles
- Dallas, TX | 135 Miles
- Waco, TX | 231 Miles
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #108 on the Fortune 500 List
- 20,000+ Stores in 48 States