DOLLAR GENERAL | EUSTACE, TEXAS

Purchase Price
$670,000
Location
306 US Highway 175 W
Cap Rate
7.91%
Annual Rent
$53,031.00
Building Size
8,190 SF
Land Area
0.98 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
4 Years
LEASE EXPIRATION
3/31/2024
Renewal Options
Two (2) - Five (5) Year
RENT INCREASES
10% at Options
Parking
33 Spaces
Year Built
2005
APN
C000003544
Traffic Counts
15,387 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 4 Years Remaining
  • 2005 Construction Build-to-Suit Dollar General
  • Two (2) - Five (5) Year Option Periods with 10% Rental Increases
 

NN LEASE | STRONG OPERATING HISTORY:

  • Landlord Responsibilities Limited to Roof, Parking Lot & HVAC
  • Subject Property is Part of Dollar General's National Insurance Program (NIP)
  • Tenant Has Been Operating at this Location for 17+ Years
 

LOCATION:

  • Strategically Located in the Heart of Town on US-175
  • Traffic Counts of Approximately 15,387 Vehicles per Day
 

CEDAR CREEK LAKE:

  • 4th Largest Lake in Texas
  • 320 Miles of Shoreline
  • Conveniently Located About 1 Hour Southeast of Dallas
 

PROXIMITY TO MAJOR CITIES:

  • Tyler, Texas | 46 Miles
  • Dallas, Texas | 61 Miles
  • Longview, Texas | 91 Miles
  • Waco, Texas | 95 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 892 Residents; $65,665 Average Household Income
  • 1-Mile Annual Population Growth = 1.68% (8.40% Over the Next 5 Years)
  • 3-Mile Population = 2,293 Residents; $64,607 Average Household Income
  • 3-Mile Annual Population Growth = 1.72% (8.59% Over the Next 5 Years)
  • 5-Mile Population = 4,324 Residents; $60,071 Average Household Income
  • 5-Mile Annual Population Growth = 1.92% (9.62 % Over the Next 5 Years)
  • 7-Mile Population = 19,778 Residents; $65,394 Average Household Income
  • 7-Mile Annual Population Growth = 2.67% (13.37% Over the Next 5 Years)

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