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DOLLAR GENERAL | MT PLEASANT, TEXAS

Purchase Price
$1,265,585
Location
2324 N Jefferson Ave
Cap Rate
7.00%
Annual Rent
$88,591.44
Building Size
9,100 SF
Land Area
1.18 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
5.5 Years
LEASE EXPIRATION
8/31/2030
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2015
APN
01625-00000-00010
Traffic Counts
32,436 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 5.5 Years Remaining in the Initial 15 Year Lease Term (Lease Exp: 08/31/2030)
  • 2015 Build-to-Suit Construction
  • 9,100 SF - 1.18 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
 

UPGRADED CONSTRUCTION:

  • Four Sided CMU Block Brick
  • Concrete Parking Lot
 

STRONG PLACER AI DATA - 220,200 VISITS:

  • Nationwide (807 out of 18,956 Stores) = Top 5%
  • Statewide (116 out of 1,800 Stores) = Top 7%
  • 15-Mile Radius (1 out of 8 Stores) = Top Store
 

PROXIMITY FROM MT. PLEASANT, TEXAS:

  • Texarkana, AR | 63 Miles
  • Tyler, TX | 66 Miles
  • Shreveport, LA | 102 Miles
  • McKinney, TX | 102 Miles
  • Dallas, TX | 118 Miles
  • Fort Worth, TX | 148 Miles
  • Waco, TX | 211 Miles
  • Houston, TX | 258 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 2,357 Residents
  • 1-Mile Average Household Income = $81,486
  • 3-Mile Population = 16,318 Residents
  • 3-Mile Average Household Income = $71,610
  • 5-Mile Population = 20,131 Residents
  • 5-Mile Average Household Income = $73,755
 

TENANT:

  • Dollar General Corporation (NYSE: "DG")
  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • Ranked #111 on the Fortune 500 List

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