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Dollar General

23421 TX-36, Damon, TX 77430

Listing Price: $1,239,000

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
7.3
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$137.27
Lease Type
Absolute Net
Rent Per Square Feet
$9.61

Investment Overview

Dollar General Corporation (NYSE: DG) has been delivering value to shoppers for over 84 years. Dollar General helps shoppers save money and time every day by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations.

Damon is a community in Brazoria County, Texas, located along Texas State Highway 36. Brazoria County is part of the Houston-The Woodlands-Sugar Land metropolitan statistical area.

Investment Highlights

  • Over Seven Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty by Dollar General (NYSE: DG)
  • Dollar General Operates Nearly 21,000 Stores Across the U.S. and Counting
  • 10 Percent Rental Increases in Each of Five, Five-Year Renewal Options
  • Rapidly Growing Trade Area within the Houston MSA - Households and Population Projected to Increase Approximately 8 Percent within a 15-Mile Radius by 2030
  • Easily Accessible Location Along TX-36, a Primary Thoroughfare for Brazoria County with Direct Access to Interstate 69 to the North

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Discount

Dollar General

Listing Price: $1,239,000

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
7.3
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$137.27
Lease Type
Absolute Net
Rent Per Square Feet
$9.61

Investment Highlights

  • Over Seven Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty by Dollar General (NYSE: DG)
  • Dollar General Operates Nearly 21,000 Stores Across the U.S. and Counting
  • 10 Percent Rental Increases in Each of Five, Five-Year Renewal Options
  • Rapidly Growing Trade Area within the Houston MSA - Households and Population Projected to Increase Approximately 8 Percent within a 15-Mile Radius by 2030
  • Easily Accessible Location Along TX-36, a Primary Thoroughfare for Brazoria County with Direct Access to Interstate 69 to the North

Investment Overview

Dollar General Corporation (NYSE: DG) has been delivering value to shoppers for over 84 years. Dollar General helps shoppers save money and time every day by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Damon is a community in Brazoria County, Texas, located along Texas State Highway 36. Brazoria County is part of the Houston-The Woodlands-Sugar Land metropolitan statistical area.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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