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Dollar General Market - Larger Format Store | 15 Year Abs Net Lease w/ Increases | 2024 Construction

1000 N McKinney St, De Leon (Outside DFW), TX 76444

Listing Price: $2,562,103

Cap Rate
6.80%
Tenant Name
Dollar General Market
Years Remaining On Lease
15.5
Gross SF
10,687
Guarantor
Corporate Guarantee
Rentable SF
10,687
Price/Gross SF
$239.74
Lease Type
Absolute Net
Rent Per Square Feet
$16.30

Investment Overview

De Leon, Texas, is a city located in Comanche County, known for its rich agricultural heritage and tight-knit community. The City is recognized for its prominent peach and melon farms, celebrating these fruits annually at the De Leon Peach and Melon Festival, a tradition that draws visitors from across the region. It’s economy is primarily supported by agriculture, but it also has a diverse range of local businesses and services. De Leon offers a blend of historical charm and rural tranquility, with several historic buildings and sites that reflect its origins as a farming community. The city is also noted for its outdoor recreational opportunities, with nearby Lake Proctor providing a venue for fishing, boating, and camping. With a welcoming atmosphere and a strong sense of local pride, De Leon exemplifies the friendly, small-town spirit of rural Texas.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2024 High Quality Construction.
  • Dollar General Market is a Larger Format Store with Expanded Grocery Offerings - This new Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.
  • Ranked #108 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $37.84 Billion.
  • Features Easy Access and Excellent Visibility Along one of the City's Main Roads with Daily Traffic Counts Exceeding 5k Vehicles. Hard Corner Location.
  • This Dollar General Market is a Relocation of an Existing Store in the Immediate Area - Demonstrating a Strong Commitment to the Location.
  • Walking Distance from De Leon High School and Numerous others, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Discount

Dollar General Market - Larger Format Store | 15 Year Abs Net Lease w/ Increases | 2024 Construction

Listing Price: $2,562,103

Cap Rate
6.80%
Tenant Name
Dollar General Market
Years Remaining On Lease
15.5
Gross SF
10,687
Guarantor
Corporate Guarantee
Rentable SF
10,687
Price/Gross SF
$239.74
Lease Type
Absolute Net
Rent Per Square Feet
$16.30

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2024 High Quality Construction.
  • Dollar General Market is a Larger Format Store with Expanded Grocery Offerings - This new Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.
  • Ranked #108 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $37.84 Billion.
  • Features Easy Access and Excellent Visibility Along one of the City's Main Roads with Daily Traffic Counts Exceeding 5k Vehicles. Hard Corner Location.
  • This Dollar General Market is a Relocation of an Existing Store in the Immediate Area - Demonstrating a Strong Commitment to the Location.
  • Walking Distance from De Leon High School and Numerous others, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

De Leon, Texas, is a city located in Comanche County, known for its rich agricultural heritage and tight-knit community. The City is recognized for its prominent peach and melon farms, celebrating these fruits annually at the De Leon Peach and Melon Festival, a tradition that draws visitors from across the region. It’s economy is primarily supported by agriculture, but it also has a diverse range of local businesses and services. De Leon offers a blend of historical charm and rural tranquility, with several historic buildings and sites that reflect its origins as a farming community. The city is also noted for its outdoor recreational opportunities, with nearby Lake Proctor providing a venue for fishing, boating, and camping. With a welcoming atmosphere and a strong sense of local pride, De Leon exemplifies the friendly, small-town spirit of rural Texas.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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