DOLLAR GENERAL | ORANGE, TEXAS
INVESTMENT SUMMARY
Purchase Price
$1,357,000
Location
11990 FM 1442
Cap Rate
6.25%
Annual Rent
$84,830.00
Building Size
9,026 SF
Land Area
1.20 Acres
Ownership
Fee Simple
Lease Type
ABSOLUTE NNN
Term Remainning
13 Years
LEASE EXPIRATION
04/30/2033
Renewal Options
RENT INCREASES
10% at Options
Parking
32 Spaces
Year Built
2018
APN
001773-000100
Traffic Counts
6,594 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- 13 Years of Guaranteed Lease Term
- 2018 Construction Build-to-Suit Dollar General
- Four (4) - 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
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
PROXIMITY FROM ORANGE, TEXAS:
- Beaumont, Texas | 31 Miles
- Lake Charles, Louisiana | 36 Miles
- Port Arthur, Texas | 39 Miles
- Houston, Texas | 114 Miles
TRADE AREA DEMOGRAPHICS:
- 3-Mile = 3,859 Residents; $83,364 Average Household Income
- 5-Mile = 10,161 Residents; $86,478 Average Household Income
- 7-Mile = 37,000 Residents; $83,096 Average Household Income
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit “BBB” by Standard & Poor’s
- 16,368 Stores in 45 States as of February 28, 2020
- Ranked #119 on the Fortune 500 List
- Long Term History of Same-Store Sales Growth - 2019 Marked the Company's 30th Consecutive Year