DOLLAR GENERAL | GRAFORD, TEXAS
INVESTMENT SUMMARY
Purchase Price
$1,357,000
Location
519 W. Lee Avenue
Cap Rate
6.02%
Annual Rent
$81,711.48
Building Size
9,026 SF
Land Area
1.33 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
9 Years
LEASE EXPIRATION
06/30/2030
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2015
APN
032660300
Traffic Counts
2,103 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 9.5 Years Remaining in the Initial 15 Year Lease Term
- 2015 Construction - 9,026 SF
- Three (3) - 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
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
POSSUM KINGDOM LAKE - "THE GREAT LAKE OF TEXAS":
- Nestled in the Foothills of the Palo Pinto Mountains
- Surface Area of 19,900 Acres and a Shoreline of 310 Miles
- Annual Visitors of Approximately 1 Million
PROXIMITY TO OTHER MAJOR CITIES:
- Weatherford, Texas | 32 Miles
- Fort Worth, Texas | 61 Miles
- Wichita Falls, Texas | 79 Miles
- Dallas, Texas | 92 Miles
- Abilene, Texas | 107 Miles
- Frisco, Texas | 108 Miles
- Waco, Texas | 135 Miles
- Austin, Texas | 215 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 663 Residents
- 1-Mile Average Household Income = $75,290
- 3-Mile Population = 741 Residents
- 3-Mile Average Household Income = $75,500
- 5-Mile Population = 816 Residents
- 5-Mile Average Household Income = $75,834
- 7-Mile Population = 1,006 Residents
- 7-Mile Average Household Income = $75,911
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,000 Stores in 46 States as of November 14, 2020
- Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
- Ranked #112 on the Fortune 500 List - Up 7 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 11 Consecutive Years)
- In 2021 Dollar General Plans to Execute 2,900 Real Estate Projects, Including 1,050 New Store Openings, 1,750 Store Remodels, and 100 Store Relocations