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

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

Listing Price: $1,688,365

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$158.68
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 2023 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

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

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

Listing Price: $1,688,365

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$158.68
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 2023 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

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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