Cap Rate
6.5%
Gross SQFT
9,100
Year Built
2014
Term Remaining
±13.75 YRS
NOI
$81,216
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2014 build-to-suit construction for Dollar General (13.75-Years Remaining)
- Dollar General extended their lease 6-years early to a brand new 15-YEAR Term
- Attractive 5% rent increase every 5-years which were added into the lease with the early extension
- Absolute NNN lease with zero Landlord responsibilities
- Estimated Population growth of 11.04% over the next 5- years!
- Attractive lease structure with Five, 5-Year options, all of which include a 5% rent increase
- Corporately guaranteed lease from Dollar General Corporation
- Dollar General boasts an investment grade credit rating of BBB (S&P).
- Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future.
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225