DOLLAR GENERAL | DAINGERFIELD, TEXAS

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
Three (3) - Five (5) Year
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

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