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Dollar General - Vega
305 S Main St, Vega, TX 79092
Listing Price: $1,385,879
Investment Overview
Marcus & Millichap is pleased to present an ideal 1031 exchange opportunity with a single-tenant Dollar General located in Vega, Texas. The lease is corporately guaranteed by Dollar General, listed on the New York Stock Exchange (NYSE: DG) with a Baa2 rating from Moody’s. The investment offers an absolute NNN (Triple Net) lease structure, ensuring zero landlord responsibilities and providing a passive investment experience.
The lease has a remaining term of nine+ years, with three (five) year options, with 10 percent increase every five years throughout the option periods. Situated off Highway 66 exit next to the Walnut RV Park, Americas Best Value Inn & Suites, Days Inn By Wyndham, United States Postal Service, and several local eateries, this property enjoys a prime location with high visibility and convenient access for customers.
The tenant, Dollar General, operates in the necessity-based retail sector, catering to local daily needs. Located in Vega, a neighboring town to Amarillo, Texas, the property benefits from its proximity to Amarillo, which has a population of 201,234 and is strategically positioned near the state capitals of New Mexico, Oklahoma, and Colorado.
Dollar General - Vega
Investment Highlights
- Ideal 1031 Exchange Opportunity – Single Tenant Dollar General
- Corporate Guaranteed Lease - Dollar General NYSE: DG – Moody's Rated Baa2
- Absolute NNN – Zero Landlord Responsibilities – Passive Investment
- Nine+ Years Remaining with three (Five) Year Options – Increases Throughout Options
- 10 Percent Increase Every Five Years throughout Option Periods
- Necessity Based Tenant – Essential Use – Local Daily Needs
- Vega is a Neighboring Town to Amarillo, Texas (35 Minute Drive / 36 Miles). Amarillo, Texas has a Population of 201,234 and in Close Proximity to the New Mexico, Oklahoma and Colorado State Capitals
- This Property is Located off Highway 66 Exit Next to the Walnut RV Park, Americas Best Value Inn & Suites, Days Inn By Wyndham, United States Postal Service, and Several Local Eateries
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,385,879
Investment Highlights
- Ideal 1031 Exchange Opportunity – Single Tenant Dollar General
- Corporate Guaranteed Lease - Dollar General NYSE: DG – Moody's Rated Baa2
- Absolute NNN – Zero Landlord Responsibilities – Passive Investment
- Nine+ Years Remaining with three (Five) Year Options – Increases Throughout Options
- 10 Percent Increase Every Five Years throughout Option Periods
- Necessity Based Tenant – Essential Use – Local Daily Needs
- Vega is a Neighboring Town to Amarillo, Texas (35 Minute Drive / 36 Miles). Amarillo, Texas has a Population of 201,234 and in Close Proximity to the New Mexico, Oklahoma and Colorado State Capitals
- This Property is Located off Highway 66 Exit Next to the Walnut RV Park, Americas Best Value Inn & Suites, Days Inn By Wyndham, United States Postal Service, and Several Local Eateries
Investment Overview
Marcus & Millichap is pleased to present an ideal 1031 exchange opportunity with a single-tenant Dollar General located in Vega, Texas. The lease is corporately guaranteed by Dollar General, listed on the New York Stock Exchange (NYSE: DG) with a Baa2 rating from Moody’s. The investment offers an absolute NNN (Triple Net) lease structure, ensuring zero landlord responsibilities and providing a passive investment experience. The lease has a remaining term of nine+ years, with three (five) year options, with 10 percent increase every five years throughout the option periods. Situated off Highway 66 exit next to the Walnut RV Park, Americas Best Value Inn & Suites, Days Inn By Wyndham, United States Postal Service, and several local eateries, this property enjoys a prime location with high visibility and convenient access for customers. The tenant, Dollar General, operates in the necessity-based retail sector, catering to local daily needs. Located in Vega, a neighboring town to Amarillo, Texas, the property benefits from its proximity to Amarillo, which has a population of 201,234 and is strategically positioned near the state capitals of New Mexico, Oklahoma, and Colorado.
Exclusively Listed By
Broker of Record
Financing By
