DOLLAR GENERAL | SPRINGTOWN, TEXAS

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
Three (3) - Five (5) Year
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)

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