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Drug Store

Dollar General

3551 Faudree Rd, Odessa, TX 79765

Listing Price: $1,997,327

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
9,360
Lease Type
Absolute Net
Rent Per Square Feet
$11.74

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Dollar General a single-tenant property located at 3551 Faudree Road, Odessa, Texas 79765. The subject property is comprised of 9,360 square feet and was built in 2015. The building sits on a large 1 acre lot located on Faudree Road which oversees a combined ±12,200 Vehicles Per Day. Guaranteed by Dollar General (NYSE: DG) with ±17,000 stores & ±143,000 employees nationwide. Dollar General has 9-years remaining on the lease with 10% increases in each of the three, 5-year options. Dollar General’s first store was opened in 1955 in Springfield, Kentucky. Since then, they have opened more than 17,000 stores in 46 different states. They are considered the largest dollar discount chain store in the United States and provide a wide array of items from kitchen utensils to clothes to home decorations. Their discounts on such items are competitive and continue to draw people in. Most of Dollar General’s buildings are no frills limited maintenance structures with low operating costs. Older Dollar General’s are typically a double net lease with 10-year leases while newer stores are triple net with 15-year initial leases. All stores feature a corporate guarantee and high visibility within their market.

Investment Highlights

  • Corporate Investment Grade Tenant: Guaranteed by Dollar General (NYSE: DG) with ±17,000 Stores & ±143,000 Employees Nationwide
  • Next Door to Large Apartment Building: Dorado Ranch Apartments a 224-Unit Apartment Building is Directly Next Door to Dollar General
  • Near Medical Center Hospital: Also known as "MCH" the Hospital has 225 Beds, approximately 250 physicians on staff and has over 700 employees.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $1,997,327

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
9,360
Lease Type
Absolute Net
Rent Per Square Feet
$11.74

Investment Highlights

  • Corporate Investment Grade Tenant: Guaranteed by Dollar General (NYSE: DG) with ±17,000 Stores & ±143,000 Employees Nationwide
  • Next Door to Large Apartment Building: Dorado Ranch Apartments a 224-Unit Apartment Building is Directly Next Door to Dollar General
  • Near Medical Center Hospital: Also known as "MCH" the Hospital has 225 Beds, approximately 250 physicians on staff and has over 700 employees.

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Dollar General a single-tenant property located at 3551 Faudree Road, Odessa, Texas 79765. The subject property is comprised of 9,360 square feet and was built in 2015. The building sits on a large 1 acre lot located on Faudree Road which oversees a combined ±12,200 Vehicles Per Day. Guaranteed by Dollar General (NYSE: DG) with ±17,000 stores & ±143,000 employees nationwide. Dollar General has 9-years remaining on the lease with 10% increases in each of the three, 5-year options. Dollar General’s first store was opened in 1955 in Springfield, Kentucky. Since then, they have opened more than 17,000 stores in 46 different states. They are considered the largest dollar discount chain store in the United States and provide a wide array of items from kitchen utensils to clothes to home decorations. Their discounts on such items are competitive and continue to draw people in. Most of Dollar General’s buildings are no frills limited maintenance structures with low operating costs. Older Dollar General’s are typically a double net lease with 10-year leases while newer stores are triple net with 15-year initial leases. All stores feature a corporate guarantee and high visibility within their market.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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