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Dollar General Plus - Larger Format Store Concept | Texas | 15 Yr Abs Net Lease | 2023 Construction

1392 US-60, Panhandle (Texas Panhandle), TX 79068

Listing Price: $1,696,970

Cap Rate
6.60%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$159.49
Lease Type
Absolute Net
Rent Per Square Feet
$10.53

Investment Overview

Panhandle is the county seat of Carson County, Texas, and is part of the Amarillo metropolitan statistical area. The Texas Panhandle, situated in the northern part of the state, features a vast, semi-arid landscape characterized by flat grasslands, rolling hills, and mesas. With a climate marked by hot summers, cold winters, and limited precipitation, the region has a historical foundation in agriculture, including cattle ranching and wheat farming, while also embracing modern economic contributions from oil and natural gas extraction. Amarillo, the largest city, embodies a rich cowboy culture and Route 66 heritage, while nearby Palo Duro Canyon showcases striking geological formations. This area’s historical significance, as a route for cattle drives and Native American presence, combines with its contemporary prominence in wind energy production, thanks to its consistent wind patterns and towering wind turbines. The Texas Panhandle’s resilient ranching, agriculture, and distinctive characteristics collectively create a region that blends heritage with modern innovation.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2023 Construction.
  • Dollar General Plus Locations are Larger than Traditional Dollar General Stores that have additional Coolers/Freezers to keep more Perishable Items in Stock.
  • 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.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility Along Highway-60 with Daily Traffic Counts Exceeding 8k Vehicles.
  • Affluent Area: Features an Average Household Income of more than $90k 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 Plus - Larger Format Store Concept | Texas | 15 Yr Abs Net Lease | 2023 Construction

Listing Price: $1,696,970

Cap Rate
6.60%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$159.49
Lease Type
Absolute Net
Rent Per Square Feet
$10.53

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2023 Construction.
  • Dollar General Plus Locations are Larger than Traditional Dollar General Stores that have additional Coolers/Freezers to keep more Perishable Items in Stock.
  • 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.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility Along Highway-60 with Daily Traffic Counts Exceeding 8k Vehicles.
  • Affluent Area: Features an Average Household Income of more than $90k within a 5-Mile Radius.

Investment Overview

Panhandle is the county seat of Carson County, Texas, and is part of the Amarillo metropolitan statistical area. The Texas Panhandle, situated in the northern part of the state, features a vast, semi-arid landscape characterized by flat grasslands, rolling hills, and mesas. With a climate marked by hot summers, cold winters, and limited precipitation, the region has a historical foundation in agriculture, including cattle ranching and wheat farming, while also embracing modern economic contributions from oil and natural gas extraction. Amarillo, the largest city, embodies a rich cowboy culture and Route 66 heritage, while nearby Palo Duro Canyon showcases striking geological formations. This area’s historical significance, as a route for cattle drives and Native American presence, combines with its contemporary prominence in wind energy production, thanks to its consistent wind patterns and towering wind turbines. The Texas Panhandle’s resilient ranching, agriculture, and distinctive characteristics collectively create a region that blends heritage with modern innovation.

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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