DOLLAR GENERAL | LANCASTER, TEXAS

Purchase Price
$1,617,595
Location
2600 W. Wintergreen Road
Cap Rate
5.45%
Annual Rent
$88,158.96
Building Size
9,100 SF
Land Area
1.34 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
8.25 Years
LEASE EXPIRATION
10/31/2029
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
31 Spaces
Year Built
2014
APN
36-82571-00A-001-00-00
Traffic Counts
17,583 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 8.25 Years Remaining in the Initial 15 Year Lease Term
  • 2014 Construction - 9,100 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
 

DALLAS-FORT WORTH:

  • The Most Populous Metropolitan Area in Texas and the Fourth-Largest in the United States
  • #1 In the Country for Total Job Growth (December 2015 - December 2020)
  • #2 In the Country for Percent Job Growth (December 2015 - December 2020)
  • Home to 3 Fortune 10 Companies - No Other U.S. Metro Hosts More than One Including San Francisco and Seattle. New York City, Los Angeles, and Chicago Host None
  • The Dallas-Fort Worth Metroplex Boasted a GDP of Just Over $620.6 Billion in 2020
  • Home to Three Research 1 Universities
 

PROXIMITY TO OTHER MAJOR CITIES:

  • Dallas, Texas | 16 Miles - 23 Minute Drive
  • Arlington, Texas | 28 Miles - 39 Minute Drive
  • Plano, Texas | 34 Miles - 41 Minute Drive
  • Fort Worth, Texas | 41 Miles - 47 Minute Drive
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 6,906 Residents
  • 1-Mile Average Household Income = $73,969
  • 3-Mile Population = 62,508 Residents
  • 3-Mile Average Household Income = $69,561
  • 5-Mile Population = 156,465 Residents
  • 5-Mile Average Household Income = $69,971
 

TENANT:

  • Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
  • 17,266 Stores in 46 States as of February 26, 2021
  • 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)

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