Dollar General,
Brookeland, TX Investment Summary
| Price | $1,360,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 years |
| Lease Type | Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot |
| Rental Increases | 10% Rental Increases In Option Periods |
| Year Built | 2022 |
| Building Size | 10,640 SF |
| Lot Size | ±1.9945 Acres (86,880.61 SF) |
| Status | Sold |
| Lead Brokers | Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Vincent Aicale Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY TO GROWING RETAIL TENANT
» New 15-year absolute NNN lease to growing retail tenant
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Dollar General’s annual revenue exceeds $34 billion
» Dollar General Ranked #91 on Fortune 500 list (12 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 18,130 locations in 46 states and has plans for significant future growth
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, ideal investment opportunity for an out-of-area investor
STRATEGIC LOCATION ON BROOKELAND’S MAIN THOROUGHFARE
» Easily accessible from U.S. Highway 96 North, Brookeland’s main thoroughfare
» U.S. Highway 96 North connects Beaumont and Jasper to northern Texas cities
» 1.4 miles from Brookeland High School (196 students)
» Near area attractions and popular family vacation destinations including Powell Park Resort & Marina, Sam Rayburn Marina Resort (12 cabins, nine rooms, and 22 RV sites), Brookeland / Lake Sam Rayburn KOA Holiday, and many more
» Minutes from Downtown Brookeland, 8.4 miles from Downtown Pineland, and 150 miles from Houston (the fourth-most populous city in the U.S. with over 2.3 million residents)
» Average annual household income of $68,818 within five miles (projected to increase 12% by 2026)
NEW 2022 CONSTRUCTION IN TAX-FREE STATE
» High-quality construction completed in 2022
» Texas has no state income tax, estate tax, or inheritance tax
Property Description
SOLD
Dollar General is easily accessible from U.S. Highway 96 North – Brookeland’s main thoroughfare, which connects Beaumont and Jasper to northern Texas cities. The average annual household income is $68,818 within five miles and is projected to increase 12 percent by 2026. The site is 1.4 miles from Brookeland High School (196 students). The property is near area attractions and popular family vacation destinations including Powell Park Resort & Marina, Sam Rayburn Marina Resort (12 cabins, nine rooms, and 22 RV sites), Brookeland / Lake Sam Rayburn KOA Holiday, and many more. The property is minutes from Downtown Brookeland, 8.4 miles from Downtown Pineland, and 150 miles from Houston (the fourth-most populous city in the U.S. with over 2.3 million residents).
