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Dollar General Brock

1965 FM1189, Brock, TX 76087

Listing Price: $2,040,628

Cap Rate
4.85%
Tenant Name
Dollar General
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$10.88

Investment Overview

Marcus & Millichap is pleased to present a Texas absolute NNN fee-simple Dollar General opportunity on Farm to Market Road 1189 in the City of Brock, Texas. 1957 Farm to Market Road 1189 presents investors with a long term leased absolute NNN fee-simple lease guaranteed by Dollar General Corporation (S&P: BBB). The “essential use” operator has over 13 years remaining on their initial 15 year term with favorable 10 percent increases every five years throughout options. The site benefits from its excellent location on Farm to Market Road 1189 (FM 1189) that sees over 2,700+ cars per day on the substantial corridor that includes many of cities academic and religious institutions. The newly constructed site is located in the growing suburb of Brock, just 35 miles west of the Dallas-Fort Worth MSA. The location benefits from a captive population of over 4,790 people and average household income of over $113,285 in a five-mile radius.

Investment Highlights

  • Over 13 years Remaining on Fee-Simple Absolute NNN Lease with Zero Landlord Responsibilities
  • Strong Corporate Guaranteed Lease by Dollar General Corporation (S&P: BBB Rating)
  • Excellent 1031 Exchange Property - Essential Use – Pandemic and Recession Resistant
  • Attractive 10 Percent Increases During Five Year Options – Healthy Hedge Against Inflation
  • No Dollar Generals in Five Mile Radius and No Grocery Stores in 10 Mile Radius – Captive Audience
  • Excellent Visibility on Farm to Marked Road 1189 with Ideal Access as the Only General Store in the Area
  • Brock is a Growing Suburb just 35 Miles West of the Dallas-Fort Worth MSA
  • Dollar General is the Country's Largest Discount Retailer with over 17,200 Stores in 46 States

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Discount

Dollar General Brock

Listing Price: $2,040,628

Cap Rate
4.85%
Tenant Name
Dollar General
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$10.88

Investment Highlights

  • Over 13 years Remaining on Fee-Simple Absolute NNN Lease with Zero Landlord Responsibilities
  • Strong Corporate Guaranteed Lease by Dollar General Corporation (S&P: BBB Rating)
  • Excellent 1031 Exchange Property - Essential Use – Pandemic and Recession Resistant
  • Attractive 10 Percent Increases During Five Year Options – Healthy Hedge Against Inflation
  • No Dollar Generals in Five Mile Radius and No Grocery Stores in 10 Mile Radius – Captive Audience
  • Excellent Visibility on Farm to Marked Road 1189 with Ideal Access as the Only General Store in the Area
  • Brock is a Growing Suburb just 35 Miles West of the Dallas-Fort Worth MSA
  • Dollar General is the Country's Largest Discount Retailer with over 17,200 Stores in 46 States

Investment Overview

Marcus & Millichap is pleased to present a Texas absolute NNN fee-simple Dollar General opportunity on Farm to Market Road 1189 in the City of Brock, Texas. 1957 Farm to Market Road 1189 presents investors with a long term leased absolute NNN fee-simple lease guaranteed by Dollar General Corporation (S&P: BBB). The “essential use” operator has over 13 years remaining on their initial 15 year term with favorable 10 percent increases every five years throughout options. The site benefits from its excellent location on Farm to Market Road 1189 (FM 1189) that sees over 2,700+ cars per day on the substantial corridor that includes many of cities academic and religious institutions. The newly constructed site is located in the growing suburb of Brock, just 35 miles west of the Dallas-Fort Worth MSA. The location benefits from a captive population of over 4,790 people and average household income of over $113,285 in a five-mile radius.

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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