DOLLAR GENERAL | PIPE CREEK, TEXAS

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
Three (3) - Five (5) Year
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

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