Skip to main content

Grocery Store

Dollar General Market | Texas | Relocation Store - Brand New 2022 Construction | 15 Yr Abs Net Lease

409 Lubbock Rd, Brownfield (Outside Lubbock), TX 79316

Listing Price: $2,258,343

Cap Rate
5.25%
Tenant Name
Dollar General Market
Years Remaining On Lease
14.2
Gross SF
12,668
Guarantor
Corporate Guarantee
Rentable SF
12,668
Price/Gross SF
$178.27
Lease Type
Absolute Net
Rent Per Square Feet
$9.36

Investment Overview

Brownfield is a city in Terry County, Texas, and is 39 miles southwest of Lubbock, it is the county seat of Terry County. Cotton farming is the backbone of not only Brownfield, but also the entire South Plains in general. Cotton fields stretch for miles, and the harvest season in October sees frenzied activity as harvesters, module makers, and module trucks are seen all over the county. Peanut growing has found a toehold on the economy, as have vineyards. In recent years, grape growing has made Terry County a producer of wine grapes used as filler for inexpensive wines. Several wineries are now established in the county, which produce average-to-poor quality wine according to numerous reviews and wine review aggregator websites. Local farmers, ranchers, and landowners began growing grapes here as early as 1950, with a few new wineries near the city due to the repeal of fully dry county status in 2008. Several older and more notable wineries are in the Lubbock area, about 30 miles northeast.

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.
  • Positioned Along Area's Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 16k Vehicles.
  • Dollar General Market is a Larger Format Store with Expanded Grocery Offerings - This new Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.
  • Relocation of Proven Location with Over 14+ Years Historical Occupancy. Conversion into New Dollar General Market Prototype.

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

Grocery Store

Dollar General Market | Texas | Relocation Store - Brand New 2022 Construction | 15 Yr Abs Net Lease

Listing Price: $2,258,343

Cap Rate
5.25%
Tenant Name
Dollar General Market
Years Remaining On Lease
14.2
Gross SF
12,668
Guarantor
Corporate Guarantee
Rentable SF
12,668
Price/Gross SF
$178.27
Lease Type
Absolute Net
Rent Per Square Feet
$9.36

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.
  • Positioned Along Area's Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 16k Vehicles.
  • Dollar General Market is a Larger Format Store with Expanded Grocery Offerings - This new Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.
  • Relocation of Proven Location with Over 14+ Years Historical Occupancy. Conversion into New Dollar General Market Prototype.

Investment Overview

Brownfield is a city in Terry County, Texas, and is 39 miles southwest of Lubbock, it is the county seat of Terry County. Cotton farming is the backbone of not only Brownfield, but also the entire South Plains in general. Cotton fields stretch for miles, and the harvest season in October sees frenzied activity as harvesters, module makers, and module trucks are seen all over the county. Peanut growing has found a toehold on the economy, as have vineyards. In recent years, grape growing has made Terry County a producer of wine grapes used as filler for inexpensive wines. Several wineries are now established in the county, which produce average-to-poor quality wine according to numerous reviews and wine review aggregator websites. Local farmers, ranchers, and landowners began growing grapes here as early as 1950, with a few new wineries near the city due to the repeal of fully dry county status in 2008. Several older and more notable wineries are in the Lubbock area, about 30 miles northeast.

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