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Dollar General | Outside Lubbock, TX | Long Term Absolute Net Lease | Brand New Construction

1408 Tahoka Rd, Brownfield (Outside Lubbock), TX 79316

Listing Price: $1,973,891

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
13.8
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$185.52
Lease Type
Absolute Net
Rent Per Square Feet
$10.02

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 2021 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. Located on One of Brownfield's Main Thoroughfares, Tahoka Rd, with Daily Traffic Counts Exceeding 6k Vehicles.
  • Walking Distance from Numerous Schools including Brownfield High School, Brownfield Middle School 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

Discount

Dollar General | Outside Lubbock, TX | Long Term Absolute Net Lease | Brand New Construction

Listing Price: $1,973,891

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
13.8
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$185.52
Lease Type
Absolute Net
Rent Per Square Feet
$10.02

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2021 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. Located on One of Brownfield's Main Thoroughfares, Tahoka Rd, with Daily Traffic Counts Exceeding 6k Vehicles.
  • Walking Distance from Numerous Schools including Brownfield High School, Brownfield Middle School and more.

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

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