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Dollar General

610 S 2nd St, Canadian, TX 79014

Listing Price: $1,141,065

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
6.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$125.39
Lease Type
Double Net
Rent Per Square Feet
$7.52

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Canadian, TX. This 9,100 square-foot property was built in 2008, and it sits on a 0.57-acre parcel. The lease is double net, and the tenant is currently in the first option period. Dollar General has recently exercised its second option, which will commence in 2023. One more option is available afterward for a total of three options allowed in the lease. Each option comes with ~10% increases in rent. The lease is also with Dollar General, which has an S&P credit rating of BBB. Canadian, TX is a small town on Texas State Highway 60. The daily traffic count in front of the property is 6,100 vehicles per day, and the population of the town is approximately 3,000.

Investment Highlights

  • Dollar General Recently Exercised Second Five-Year Option
  • One More Five-Year Option Available with ~10% Increases at Each Option
  • Dollar General has S&P Credit Rating of BBB
  • Double Net Property

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Discount

Dollar General

Listing Price: $1,141,065

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
6.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$125.39
Lease Type
Double Net
Rent Per Square Feet
$7.52

Investment Highlights

  • Dollar General Recently Exercised Second Five-Year Option
  • One More Five-Year Option Available with ~10% Increases at Each Option
  • Dollar General has S&P Credit Rating of BBB
  • Double Net Property

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Canadian, TX. This 9,100 square-foot property was built in 2008, and it sits on a 0.57-acre parcel. The lease is double net, and the tenant is currently in the first option period. Dollar General has recently exercised its second option, which will commence in 2023. One more option is available afterward for a total of three options allowed in the lease. Each option comes with ~10% increases in rent. The lease is also with Dollar General, which has an S&P credit rating of BBB. Canadian, TX is a small town on Texas State Highway 60. The daily traffic count in front of the property is 6,100 vehicles per day, and the population of the town is approximately 3,000.

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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