DOLLAR GENERAL | PIPE CREEK, TEXAS
INVESTMENT SUMMARY
Purchase Price
$1,310,000
Location
170 Bear Springs Road
Cap Rate
6.36%
Annual Rent
$83,368.00
Building Size
9,100 SF
Land Area
1.61 Acres
Ownership
Fee Simple
Lease Type
ABSOLUTE NNN
Term Remainning
10.5 Years
LEASE EXPIRATION
9/30/2030
Renewal Options
RENT INCREASES
10% at Options
Parking
35 Spaces
Year Built
2015
APN
188605
Traffic Counts
9,972 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- 10.5 Years of Guaranteed Lease Term
- 2015 Construction Build-to-Suit Dollar General
- Three (3)- Five (5) Year Option Periods with 10% Rental Increases
- Corner Entry Layout/Design
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 TO MAJOR CITIES:
- San Antonio, Texas | 44 Miles - 49 Minute Drive
- Austin, Texas | 100 Miles - 1 Hour: 57 Minute Drive
- Waco, Texas | 210 Miles - 3 Hour: 24 Minute Drive
- Houston, Texas | 240 Miles - 3 Hour: 35 Minute Drive
- Fort Worth, Texas | 298 Miles - 4 Hour: 36 Minute Drive
- Dallas, Texas | 303 Miles - 4 Hour: 43 Minute Drive
TRADE AREA DEMOGRAPHICS:
- 3-Mile = 1,260 Residents; $84,212 Average Household Income
- 5-Mile = 5,386 Residents; $82,564 Average Household Income
- 7-Mile = 10,600 Residents; $71,857 Average Household Income
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit “BBB” by Standard & Poor’s
- 16,500 Stores in 46 States as of May 1, 2020
- Ranked #119 on the Fortune 500 List
- Long Term History of Same-Store Sales Growth - 2019 Marked the Company's 28th Consecutive Year