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Dollar General | 11 Yr. Abs. NNN | Corner Lot | Dense Trade Area

3405 E Main Ave, Alton, TX 78573

Listing Price: $1,928,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.59

Investment Overview

Marcus & Millichap is pleased to bring to market the Dollar General located in Alton, Texas. Dollar General Corporation has been delivering value to shoppers for more than 80 years. Dollar General helps shoppers Save time. Save money. 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 everyday low prices in convenient neighborhood locations. Dollar General operated 17,266 stores in 46 states as of February 26, 2021. In addition to high-quality private brands, Dollar General sells products from America’s most-trusted manufacturers. Dollar General stands for convenience, quality brands and low prices. Dollar General’s stores aim to make shopping a hassle-free experience. We design small, neighborhood stores with carefully -edited merchandise assortments to make shopping simpler.

Investment Highlights

  • 11-Years Remaining on a Triple-Net Lease with Five, Five-Year Renewal Options and 10 Percent Rental Increases In Each Option | No Landlord Responsibilities
  • Hard Corner Location at the Signalized Intersection of Main Avenue and N Glasscock Road, which Sees Over 11,688 Vehicles per Day
  • Strong Visibility From Main Avenue with Pylon Sign
  • Property is Located Eight and a Half Miles From The University of Texas Rio Grande Valley Campus (Over 26,700 Students and Staff)
  • Strong Demographics: Population Exceeds 101,000 Within Five-Miles | Over 53,700 Households | Average Household Income Exceeds $78,000 Within Three Miles
  • Corporate Guarantee | Dollar General is an S&P "BBB" Investment-Grade Credit Rated Tenant
  • McAllen-Edinburg-Mission Metro Area is a Major Land Port For Trade With Mexico | Largest Fresh Produce Port in the US
  • Alton, Texas is Less than Two Hours From South Padre Island, a Major Resort Town Seeing Over Four Million Visitors Annually

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Discount

Dollar General | 11 Yr. Abs. NNN | Corner Lot | Dense Trade Area

Listing Price: $1,928,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.59

Investment Highlights

  • 11-Years Remaining on a Triple-Net Lease with Five, Five-Year Renewal Options and 10 Percent Rental Increases In Each Option | No Landlord Responsibilities
  • Hard Corner Location at the Signalized Intersection of Main Avenue and N Glasscock Road, which Sees Over 11,688 Vehicles per Day
  • Strong Visibility From Main Avenue with Pylon Sign
  • Property is Located Eight and a Half Miles From The University of Texas Rio Grande Valley Campus (Over 26,700 Students and Staff)
  • Strong Demographics: Population Exceeds 101,000 Within Five-Miles | Over 53,700 Households | Average Household Income Exceeds $78,000 Within Three Miles
  • Corporate Guarantee | Dollar General is an S&P "BBB" Investment-Grade Credit Rated Tenant
  • McAllen-Edinburg-Mission Metro Area is a Major Land Port For Trade With Mexico | Largest Fresh Produce Port in the US
  • Alton, Texas is Less than Two Hours From South Padre Island, a Major Resort Town Seeing Over Four Million Visitors Annually

Investment Overview

Marcus & Millichap is pleased to bring to market the Dollar General located in Alton, Texas. Dollar General Corporation has been delivering value to shoppers for more than 80 years. Dollar General helps shoppers Save time. Save money. 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 everyday low prices in convenient neighborhood locations. Dollar General operated 17,266 stores in 46 states as of February 26, 2021. In addition to high-quality private brands, Dollar General sells products from America’s most-trusted manufacturers. Dollar General stands for convenience, quality brands and low prices. Dollar General’s stores aim to make shopping a hassle-free experience. We design small, neighborhood stores with carefully -edited merchandise assortments to make shopping simpler.

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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