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Dollar General w/ Strong Demos | Abilene, TX | 15 Year Abs. Net Lease | Brand New 2022 Construction

135 Remington Rd, Abilene, TX 79562

Listing Price: $2,036,685

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
14.2
Gross SF
10,566
Guarantor
Corporate Guarantee
Rentable SF
10,566
Price/Gross SF
$192.76
Lease Type
Absolute Net
Rent Per Square Feet
$10.41

Investment Overview

Abilene is a city in Taylor and Jones Counties in Texas. Its population was 125,182 at the 2020 census, making it the 27th-most populous city in the state of Texas. It is the principal city of the Abilene metropolitan statistical area, which had an estimated population of 169,893, as of 2016. It is the county seat of Taylor County. Dyess Air Force Base is located on the west side of the city. Abilene is located off Interstate 20, between exits 279 on its western edge and 292 on the east. It is 150 miles west of Fort Worth. The city is looped by I-20 to the north, US 83/84 on the west, and Loop 322 to the east. A railroad divides the city down the center into north and south. The historic downtown area is on the north side of the railroad. The economy in Abilene was originally based on the livestock and agricultural sectors, but is now based strongly on government, education, healthcare, and manufacturing. The petroleum industry is prevalent in the surrounding area, also. The city has established incentives to bring new businesses to the area, including job training grants, relocation grants, and more.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Features Easy Access & Excellent Visibility. Direct Access to US Highway 83 Generating more than 16k Vehicles per Day.
  • 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.
  • Located at the Entrance of Remington Estates - Higher End Residential Development With an Average List Price of $328k+.
  • The Site is Located South of Abilene, TX in Tuscola - One of the Fastest Growing Bedroom Communities in Abilene MSA.
  • Well Above Average Demographics for any Dollar General: Features an Average Household Income of more than $123k 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 | Abilene, TX | 15 Year Abs. Net Lease | Brand New 2022 Construction

Listing Price: $2,036,685

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
14.2
Gross SF
10,566
Guarantor
Corporate Guarantee
Rentable SF
10,566
Price/Gross SF
$192.76
Lease Type
Absolute Net
Rent Per Square Feet
$10.41

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Features Easy Access & Excellent Visibility. Direct Access to US Highway 83 Generating more than 16k Vehicles per Day.
  • 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.
  • Located at the Entrance of Remington Estates - Higher End Residential Development With an Average List Price of $328k+.
  • The Site is Located South of Abilene, TX in Tuscola - One of the Fastest Growing Bedroom Communities in Abilene MSA.
  • Well Above Average Demographics for any Dollar General: Features an Average Household Income of more than $123k within a 5-Mile Radius.

Investment Overview

Abilene is a city in Taylor and Jones Counties in Texas. Its population was 125,182 at the 2020 census, making it the 27th-most populous city in the state of Texas. It is the principal city of the Abilene metropolitan statistical area, which had an estimated population of 169,893, as of 2016. It is the county seat of Taylor County. Dyess Air Force Base is located on the west side of the city. Abilene is located off Interstate 20, between exits 279 on its western edge and 292 on the east. It is 150 miles west of Fort Worth. The city is looped by I-20 to the north, US 83/84 on the west, and Loop 322 to the east. A railroad divides the city down the center into north and south. The historic downtown area is on the north side of the railroad. The economy in Abilene was originally based on the livestock and agricultural sectors, but is now based strongly on government, education, healthcare, and manufacturing. The petroleum industry is prevalent in the surrounding area, also. The city has established incentives to bring new businesses to the area, including job training grants, relocation grants, and more.

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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