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Brand New Construction Dollar General w/ Strong Demos | Texas Panhandle | 15 Year Absolute Net Lease

909 E Amarillo Blvd, Amarillo (Texas Panhandle), TX 79107

Listing Price: $2,090,232

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$229.70
Lease Type
Absolute Net
Rent Per Square Feet
$10.91

Investment Overview

Amarillo is a city in the U.S. state of Texas and the seat of Potter County. It is the 14th-most populous city in Texas and the largest city in the Texas Panhandle. A portion of the city extends into Randall County. The estimated population of Amarillo was 200,393 as of April 1, 2020. The Amarillo-Pampa-Borger combined statistical area had an estimated population of 308,297 as of 2020. Amarillo operates one of the largest meat-packing areas in the United States. Pantex, the only nuclear weapons assembly and disassembly facility in the country, is also a major employer. Amarillo is considered the regional economic center for the Texas Panhandle, as well as Eastern New Mexico and the Oklahoma Panhandle. The meat packing industry is a major employer in Amarillo; about one-quarter of the United States’ beef supply is processed in the area. The city is also the location of headquarters for the Texas Cattle Feeders Association. Petroleum extraction is also a major industry. The helium industry has decreased in significance since the federal government privatized local operations in the late 1990s. Bell Helicopter Textron opened a helicopter assembly plant near the city’s international airport in 1999.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner Location - Features Direct Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 21k Vehicles.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Near Numerous National Retailers including CVS Pharmacy, Walgreens, United Supermarkets, Family Dollar and many more.
  • Walking Distance from Palo Duto High School, which has an Enrollment of over 1,915 Students.
  • Above Average Demographics for any Dollar General: Densely Populated Area - Features more than 119k People Residing within a 5-Mile Radius.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Discount

Brand New Construction Dollar General w/ Strong Demos | Texas Panhandle | 15 Year Absolute Net Lease

Listing Price: $2,090,232

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$229.70
Lease Type
Absolute Net
Rent Per Square Feet
$10.91

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner Location - Features Direct Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 21k Vehicles.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Near Numerous National Retailers including CVS Pharmacy, Walgreens, United Supermarkets, Family Dollar and many more.
  • Walking Distance from Palo Duto High School, which has an Enrollment of over 1,915 Students.
  • Above Average Demographics for any Dollar General: Densely Populated Area - Features more than 119k People Residing within a 5-Mile Radius.

Investment Overview

Amarillo is a city in the U.S. state of Texas and the seat of Potter County. It is the 14th-most populous city in Texas and the largest city in the Texas Panhandle. A portion of the city extends into Randall County. The estimated population of Amarillo was 200,393 as of April 1, 2020. The Amarillo-Pampa-Borger combined statistical area had an estimated population of 308,297 as of 2020. Amarillo operates one of the largest meat-packing areas in the United States. Pantex, the only nuclear weapons assembly and disassembly facility in the country, is also a major employer. Amarillo is considered the regional economic center for the Texas Panhandle, as well as Eastern New Mexico and the Oklahoma Panhandle. The meat packing industry is a major employer in Amarillo; about one-quarter of the United States’ beef supply is processed in the area. The city is also the location of headquarters for the Texas Cattle Feeders Association. Petroleum extraction is also a major industry. The helium industry has decreased in significance since the federal government privatized local operations in the late 1990s. Bell Helicopter Textron opened a helicopter assembly plant near the city’s international airport in 1999.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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