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Dollar General w/ Strong Demos | Waco MSA | 15 Year Abs. Net Lease | Brand New 2022 Construction

1711 W Spring Valley Rd, Hewitt (Waco MSA), TX 76643

Listing Price: $1,885,068

Cap Rate
5.15%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$177.17
Lease Type
Absolute Net
Rent Per Square Feet
$9.12

Investment Overview

Hewitt is a city in McLennan County, Texasand is part of the Waco Metropolitan Statistical Area. Waco is the county seat of McLennan County, Texas. It is situated along the Brazos River and I-35, halfway between Dallas and Austin. The city had a 2020 population of 138,486, making it the 22nd-most populous city in the state. The 2021 U.S. Census population estimate for the city was 139,594. The Waco metropolitan statistical area consists of McLennan and Falls counties, which had a 2010 population of 234,906. Falls County was added to the Waco MSA in 2013. The 2021 U.S. census population estimate for the Waco metropolitan area was 280,428.

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.
  • Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 7k Vehicles. Immediate Access to Interstate-35 (73k+ VPD).
  • Well Above Average Demographics for any Dollar General: Features an Average Household Income of more than $115k within a 1-Mile Radius and over 43k 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 | Waco MSA | 15 Year Abs. Net Lease | Brand New 2022 Construction

Listing Price: $1,885,068

Cap Rate
5.15%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$177.17
Lease Type
Absolute Net
Rent Per Square Feet
$9.12

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.
  • Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 7k Vehicles. Immediate Access to Interstate-35 (73k+ VPD).
  • Well Above Average Demographics for any Dollar General: Features an Average Household Income of more than $115k within a 1-Mile Radius and over 43k People Residing within a 5-Mile Radius.

Investment Overview

Hewitt is a city in McLennan County, Texasand is part of the Waco Metropolitan Statistical Area. Waco is the county seat of McLennan County, Texas. It is situated along the Brazos River and I-35, halfway between Dallas and Austin. The city had a 2020 population of 138,486, making it the 22nd-most populous city in the state. The 2021 U.S. Census population estimate for the city was 139,594. The Waco metropolitan statistical area consists of McLennan and Falls counties, which had a 2010 population of 234,906. Falls County was added to the Waco MSA in 2013. The 2021 U.S. census population estimate for the Waco metropolitan area was 280,428.

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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