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Brand New Construction Dollar General | Texas | 15 Year Absolute Net Lease | Hard Corner Location

1421 Main St, Petersburg (Texas Panhandle), TX 79250

Listing Price: $1,787,220

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$196.40
Lease Type
Absolute Net
Rent Per Square Feet
$9.79

Investment Overview

Next Nearest Dollar General is more than 18 Miles Away.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • 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.
  • Hard Corner Location - Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads. Walking Distance from Petersburg High, Middle and Elementary School.
  • Next Nearest Dollar General is more than 18 Miles Away.

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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Brand New Construction Dollar General | Texas | 15 Year Absolute Net Lease | Hard Corner Location

Listing Price: $1,787,220

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$196.40
Lease Type
Absolute Net
Rent Per Square Feet
$9.79

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • 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.
  • Hard Corner Location - Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads. Walking Distance from Petersburg High, Middle and Elementary School.
  • Next Nearest Dollar General is more than 18 Miles Away.

Investment Overview

Next Nearest Dollar General is more than 18 Miles Away.

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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