DOLLAR GENERAL | MESQUITE, TEXAS
INVESTMENT SUMMARY
Purchase Price
$2,050,000
Location
1300 N Belt Line Rd
Cap Rate
6.76%
Annual Rent
$138,526.80
Building Size
12,480 SF
Land Area
1.472 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
3.5 Years
LEASE EXPIRATION
03/31/2028
Renewal Options
RENT INCREASES
10% At Options
Parking
53 Spaces
Year Built
2013
APN
38064250010010000
Traffic Counts
20,085 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 3.5 Years Remaining in the Initial 15 Year Lease Term
- 2013 Build to Suit Construction
- 12,480 SF Building - 1.47 Acre Parcel
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
HIGHLY UPGRADED CONSTRUCTION:
- Four Sided Concrete Masonry with Brick and Stone
- Monument Signage
DG PLUS STORE:
- 12,480 SF Building - the Largest Prototype Store Size that Dollar General Utilizes
PRESIDENT GEORGE BUSH TURNPIKE (PGBT) EXPANSION:
- The PGBT East Branch Project Will Extend the East Branch of the PGBT - Highway 190 to I-20 in Mesquite
- Connecting Highway 190 to I-20 in Mesquite Will Allow the Single Highway to Connect Dallas, Collin and Tarrant Counties
- The Project Will Add Another Corridor for the City of Mesquite to Develop as it Continues its Growth South
PROXIMITY FROM MESQUITE:
- Garland, TX | 10 Miles
- Dallas, TX | 13 Miles
- Plano, TX | 20 Miles
- Arlington, TX | 33 Miles
- Fort Worth, TX | 45 Miles
- Austin, TX | 206 Miles
- Houston, TX | 245 Miles
- San Antonio, TX | 285 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 13,612 Residents | $94,276 Average Household Income
- 3-Mile: 87,279 Residents | $103,069 Average Household Income
- 5-Mile: 236,567 Residents | $92,587 Average Household Income
- 7-Mile: 458,438 Residents | $91,677 Average Household Income