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DOLLAR GENERAL | GRAFORD, TEXAS

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
Three (3) - Five (5) Year
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

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