DOLLAR GENERAL | EUSTACE, TEXAS
INVESTMENT SUMMARY
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
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)