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Texas Dollar General Portfolio #2

8455 Phelan Blvd, Beaumont, TX 77706

Listing Price: $8,787,823

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
0.1
Gross SF
79,932
Guarantor
Corporate Guarantee
Rentable SF
79,932
Price/Gross SF
$109.94
Lease Type
Double Net
Rent Per Square Feet
$7.70

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire two portfolios of Dollar Generals, which can be purchased together or separately. Portfolio #2 consists of 9-stores totaling 79,932 rentable square feet and 8.68 acres of land across Texas. These stores are all established locations, with rental escalations scheduled in the upcoming option periods. Each portfolio offers an investor the ability to acquire stores in dense, infill areas, with the average 5-mile population being 99,190 residents. Traffic generators include: a regional HEB Distribution Center (San Marcos store), Interstate 35 (New Braunfels stores) and Beaumont Municipal Airport (Beaumont store). This offering is part of a larger portfolio that consists of 31 Dollar General stores. Portfolio #1 consists of 22 stores located in Texas and Louisiana (see page 4 for pricing details). The entire portfolio can be purchased together for $31,842,550; Portfolio #1 (22-stores) is $23,055,000 and Portfolio #2 (9-stores) is $8,694,000. Each portfolio is being offered with existing financing, where the Buyer may assume the loan(s) by paying a 1% assumption fee. Alternatively, a Buyer has the ability to defease the loan(s) prior to maturity in mid-2025 (see page 4 for pricing details). Dollar General is a Fortune 500 Company, with a Standard & Poor’s rating of BBB. The company operated as an essential business throughout 2020 and its same-store sales growth of 16.3% outpaced Family Dollar (+10.5%) and Dollar Tree (+2.2%).

Investment Highlights

  • Prime Dollar General Portfolio Located in Major Markets
  • Dollar General Has Remodeled Multiple Stores Showing Commitment to Sites
  • Excellent Demographics - Average Population of 99,190 residents Within a Five-Mile Radius
  • Investment Grade Tenant (S&P: BBB) - Remained Open During COVID-19 Pandemic
  • Properties are Located on Major Thoroughfares and in Proximity to Many Regional Airports
  • Dense, Infill Locations Throughout Texas (29) and Louisiana (2)

Exclusively Listed By

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Texas Dollar General Portfolio #2

Listing Price: $8,787,823

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
0.1
Gross SF
79,932
Guarantor
Corporate Guarantee
Rentable SF
79,932
Price/Gross SF
$109.94
Lease Type
Double Net
Rent Per Square Feet
$7.70

Investment Highlights

  • Prime Dollar General Portfolio Located in Major Markets
  • Dollar General Has Remodeled Multiple Stores Showing Commitment to Sites
  • Excellent Demographics - Average Population of 99,190 residents Within a Five-Mile Radius
  • Investment Grade Tenant (S&P: BBB) - Remained Open During COVID-19 Pandemic
  • Properties are Located on Major Thoroughfares and in Proximity to Many Regional Airports
  • Dense, Infill Locations Throughout Texas (29) and Louisiana (2)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire two portfolios of Dollar Generals, which can be purchased together or separately. Portfolio #2 consists of 9-stores totaling 79,932 rentable square feet and 8.68 acres of land across Texas. These stores are all established locations, with rental escalations scheduled in the upcoming option periods. Each portfolio offers an investor the ability to acquire stores in dense, infill areas, with the average 5-mile population being 99,190 residents. Traffic generators include: a regional HEB Distribution Center (San Marcos store), Interstate 35 (New Braunfels stores) and Beaumont Municipal Airport (Beaumont store). This offering is part of a larger portfolio that consists of 31 Dollar General stores. Portfolio #1 consists of 22 stores located in Texas and Louisiana (see page 4 for pricing details). The entire portfolio can be purchased together for $31,842,550; Portfolio #1 (22-stores) is $23,055,000 and Portfolio #2 (9-stores) is $8,694,000. Each portfolio is being offered with existing financing, where the Buyer may assume the loan(s) by paying a 1% assumption fee. Alternatively, a Buyer has the ability to defease the loan(s) prior to maturity in mid-2025 (see page 4 for pricing details). Dollar General is a Fortune 500 Company, with a Standard & Poor’s rating of BBB. The company operated as an essential business throughout 2020 and its same-store sales growth of 16.3% outpaced Family Dollar (+10.5%) and Dollar Tree (+2.2%).

Exclusively Listed By

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