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Dollar General

6811 Farm to Market 1788, Midland, TX 79706

Listing Price: $1,818,080

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
8.2
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$201.43
Lease Type
Absolute Net
Rent Per Square Feet
$10.07

Investment Overview

Marcus & Millichap is pleased to offer the exclusive listing of a single tenant corporate-guaranteed Dollar General asset. Dollar General (NYSE: DG) reported $34 Billion in Net Sales in the 2021 Fiscal Year, and is expanding rapidly with 75 percent of Americans living within five miles of a Dollar General Store location. At this Midland location, customers are within 15 miles of Downtown Midland, with several local employers driving traffic to the store.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease Located in Tax-Free State
  • Approximately Nine Years Remaining on Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years Throughout the Lease Term and in Option Periods
  • Located Along FM1788, Immediately Connected to Route 158 (Roughly Over 18,700 Combined Cars per Day)
  • Rapid Economic and Population Growth: Over 20 Percent Projected Over Next Five Years
  • 293,666 Residents Within 15-Mile Radius
  • Large Lot - 1.33 Acres
  • Proximity to The Permian Basin, Responsible for 30 Percent of All U.S. Oil Production and Covering More than 86,000 Square Miles

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $1,818,080

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
8.2
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$201.43
Lease Type
Absolute Net
Rent Per Square Feet
$10.07

Investment Highlights

  • Absolute Triple-Net (NNN) Lease Located in Tax-Free State
  • Approximately Nine Years Remaining on Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years Throughout the Lease Term and in Option Periods
  • Located Along FM1788, Immediately Connected to Route 158 (Roughly Over 18,700 Combined Cars per Day)
  • Rapid Economic and Population Growth: Over 20 Percent Projected Over Next Five Years
  • 293,666 Residents Within 15-Mile Radius
  • Large Lot - 1.33 Acres
  • Proximity to The Permian Basin, Responsible for 30 Percent of All U.S. Oil Production and Covering More than 86,000 Square Miles

Investment Overview

Marcus & Millichap is pleased to offer the exclusive listing of a single tenant corporate-guaranteed Dollar General asset. Dollar General (NYSE: DG) reported $34 Billion in Net Sales in the 2021 Fiscal Year, and is expanding rapidly with 75 percent of Americans living within five miles of a Dollar General Store location. At this Midland location, customers are within 15 miles of Downtown Midland, with several local employers driving traffic to the store.

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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