Skip to main content

Discount

Dollar General w/ Strong Demos | Texas | Long Term Absolute Net Lease | Brand New Construction

3500 W Hwy 80, Big Spring, TX 79720

Listing Price: $2,129,200

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
13.2
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$235.90
Lease Type
Absolute Net
Rent Per Square Feet
$11.79

Investment Overview

Big Spring is a city in and the county seat of Howard County, Texas, at the crossroads of U.S. Highway 87 and Interstate 20. With a population of 27,282 as of the 2010 census, it is the largest city between Midland to the west, Abilene to the east, Lubbock to the north, and San Angelo to the south. Big Spring was established as the county seat of Howard County in 1882; it is the largest community in the county. The city took its name from the single, large spring that issued into a small gorge between the base of Scenic Mountain and a neighboring hill in the southwestern part of the city limits. Although the name is sometimes still mistakenly pluralized, it is officially singular. “To the native or established residents who may wince at the plural in Big Spring, it should be explained that until about 1916, when for some unexplained reason the name dropped the final ‘s’, the official name of the town was indeed Big Springs.”

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New Construction.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads w/ Daily Traffic Counts Exceeding 6k+ Vehicles. Immediate Access to/from I-20 (20k+ VPD).
  • 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.
  • Adjacent to Big Spring McMahon–Wrinkle Airport - 12k Annual Aircraft Operations. Also located on the Base Grounds are three Units of the Big Spring Correctional Center.
  • In Close Proximity to Scenic Mountain Medical Center - a 146-Bed Acute Care Community Hospital for Adults and Children.
  • Well Above Average Demographics for any Dollar General: Features more than 30k 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

Dollar General w/ Strong Demos | Texas | Long Term Absolute Net Lease | Brand New Construction

Listing Price: $2,129,200

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
13.2
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$235.90
Lease Type
Absolute Net
Rent Per Square Feet
$11.79

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New Construction.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads w/ Daily Traffic Counts Exceeding 6k+ Vehicles. Immediate Access to/from I-20 (20k+ VPD).
  • 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.
  • Adjacent to Big Spring McMahon–Wrinkle Airport - 12k Annual Aircraft Operations. Also located on the Base Grounds are three Units of the Big Spring Correctional Center.
  • In Close Proximity to Scenic Mountain Medical Center - a 146-Bed Acute Care Community Hospital for Adults and Children.
  • Well Above Average Demographics for any Dollar General: Features more than 30k People Residing within a 5-Mile Radius.

Investment Overview

Big Spring is a city in and the county seat of Howard County, Texas, at the crossroads of U.S. Highway 87 and Interstate 20. With a population of 27,282 as of the 2010 census, it is the largest city between Midland to the west, Abilene to the east, Lubbock to the north, and San Angelo to the south. Big Spring was established as the county seat of Howard County in 1882; it is the largest community in the county. The city took its name from the single, large spring that issued into a small gorge between the base of Scenic Mountain and a neighboring hill in the southwestern part of the city limits. Although the name is sometimes still mistakenly pluralized, it is officially singular. “To the native or established residents who may wince at the plural in Big Spring, it should be explained that until about 1916, when for some unexplained reason the name dropped the final ‘s’, the official name of the town was indeed Big Springs.”

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

MM Texture Background
MM Textured Background Lower