DOLLAR GENERAL | MT PLEASANT, TEXAS



INVESTMENT SUMMARY

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

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