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Dollar General - Vega

305 S Main St, Vega, TX 79092

Listing Price: $1,385,879

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
9.6
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$185.06
Lease Type
Absolute Net
Rent Per Square Feet
$10.64

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.

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

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Dollar General - Vega

Listing Price: $1,385,879

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
9.6
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$185.06
Lease Type
Absolute Net
Rent Per Square Feet
$10.64

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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