DOLLAR GENERAL | PALMER, TEXAS

Purchase Price
$2,115,528
Location
3314 W FM 813
Cap Rate
5.00%
Annual Rent
$105,776.40
Building Size
9,213 SF
Land Area
1.67 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
13.5 Years
LEASE EXPIRATION
10/31/2035
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2020
APN
282997
Traffic Counts
4,156 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 13.5 Years of Guaranteed Lease Term
  • 2020 Build to Suit Construction
  • Three (3) - 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
 

PROXIMITY FROM PALMER, TEXAS:

  • Dallas, Texas | 28 Miles
  • Arlington, Texas | 39 Miles
  • Plano, Texas | 46 Miles
  • Fort Worth, Texas | 51 Miles
  • McKinney, Texas | 59 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 1,191 Residents
  • 1-Mile Average Household Income = $122,522
  • 3-Mile Population = 6,908 Residents
  • 3-Mile Average Household Income = $122,351
  • 5-Mile Population = 37,853 Residents
  • 5-Mile Average Household Income = $93,897
  • 7-Mile Population = 76,241 Residents
  • 7-Mile Average Household Income = $88,623
 

STRONG POPULATION GROWTH:

  • 1-Mile Annual Population Growth = 2.53% (12.65% Over the Next 5 Years)
  • 3-Mile Annual Population Growth = 2.69% (13.45% Over the Next 5 Years)
  • 5-Mile Annual Population Growth = 3.48% (17.40% Over the Next 5 Years)
  • 7-Mile Annual Population Growth = 3.47% (17.35% Over the Next 5 Years)
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,142 Stores in 47 States as of March 6, 2022
  • Ranked #91 on the Fortune 500 List

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