DOLLAR GENERAL | SPRINGTOWN, TEXAS
INVESTMENT SUMMARY
Purchase Price
$1,464,508
Location
4405 E Highway 199
Cap Rate
5.90%
Annual Rent
$86,406.00
Building Size
9,026 SF
Land Area
1.32 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
7.41 Years
LEASE EXPIRATION
05/31/2029
Renewal Options
RENT INCREASES
3% in Year 11 (6/1/2024) & 10% at Options
Parking
30 Spaces
Year Built
2014
APN
R000098846
Traffic Counts
22,991 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 7.4 Years Remaining in the Initial Lease Term (Lease Exp: 05/31/2029)
- 2014 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 SPRINGTOWN:
- Fort Worth, TX | 27 Miles
- Dallas, TX | 59 Miles
- Plano, TX | 71 Miles
- Wichita Falls, TX | 92 Miles
- Waco, TX | 118 Miles
- Abilene, TX | 138 Miles
- Austin, TX | 221 Miles
- Lubbock, TX | 264 Miles
- San Antonio, TX | 273 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile = 1,250 Residents; $78,978 Average Household Income
- 1-Mile Projected Annual Growth = 3.56% (17.80% Over the Next 5 Years)
- 3-Mile = 10,942 Residents; $65,015 Average Household Income
- 3-Mile Projected Annual Growth = 3.69% (18.45% Over the Next 5 Years)
- 5-Mile = 31,699 Residents; $71,114 Average Household Income
- 3-Mile Projected Annual Growth = 3.23% (16.15% Over the Next 5 Years)
TENANT:
- Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
- 18,000 Stores in 46 States as of November 13, 2021
- Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
- Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)