DOLLAR GENERAL | LA COSTE, TEXAS

Location
11720 W FM 2790 S
Cap Rate
7.00%
Annual Rent
$90,637.92
Building Size
9,100 SF
Land Area
1.33 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
9.25 Years
LEASE EXPIRATION
06/30/2033
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
43 Spaces
Year Built
2018
APN
18846
Traffic Counts
3,327 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 9.5 Years of Guaranteed Lease Term
  • 2018 Build-to-Suit Dollar General
  • Five (5) - 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
 

PROXIMITY FROM LA COSTE, TEXAS:

  • San Antonio, TX | 25 Miles
  • Fredericksburg, TX | 85 Miles
  • Austin, TX | 103 Miles
  • Corpus Christi, TX | 166 Miles
  • Waco, TX | 204 Miles
  • Houston, TX | 219 Miles
  • Dallas, TX | 297 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 723 Residents; $208,672 Average Household Income
  • 3-Mile: 2,634 Residents; $153,952 Average Household Income
  • 5-Mile: 11,356 Residents; $109,133 Average Household Income
  • 7-Mile: 34,969 Residents; $85,823 Average Household Income
  • 10-Mile: 126,110 Residents; $95,238 Average Household Income
 

EXPLOSIVE POPULATION GROWTH:

  • 1-Mile Annual Population Growth = 2.03% (10.09% Over the Next 5 Years)
  • 3-Mile Annual Population Growth = 8.21% (41.07% Over the Next 5 Years)
  • 5-Mile Annual Population Growth = 8.13% (40.65% Over the Next 5 Years)
  • 7-Mile Annual Population Growth = 7.78% (38.90% Over the Next 5 Years)
  • 10-Mile Annual Population Growth = 6.56% (32.80% Over the Next 5 Years)
 

TENANT:

  • Dollar General Corporation (NYSE: "DG")
  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • Ranked #108 on the Fortune 500 List

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