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DOLLAR GENERAL | MESQUITE, TEXAS

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
Three (3) - Five (5) Year
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

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