DOLLAR GENERAL | ORANGE, TEXAS

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
Four (4) - Five (5) Year
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

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