DOLLAR GENERAL | LANCASTER, TEXAS
INVESTMENT SUMMARY
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
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)