Dollar General | New 15-Yr NNN w/ Increases 13756 Main st

Investment Highlights

Brand New 2024 High-Quality Construction Rare 5% Rent Increases Every 5-Years in Primary Term & Options Excellent Visibility & Access on Main Street New 15-Year Absolute NNN Lease (Zero Landlord Responsibilities) Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB) Average Household Income Exceeds $85,000 (10-Mile Radius)

Executive Summary

The subject property is a newly constructed freestanding Dollar General located in Chester (Outside Beaumont), TX. The new 15-year absolute NNN lease includes rare 5% rental increases every 5-years in the primary lease term and in the (5) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.This location benefits from its excellent visibility and frontage on Main Street, a major thoroughfare through Chester, TX, which boasts over 3,500 vehicles per day. The 5-mile population surrounding this site has expected growth of 2.70% over the next 5-years and average household income exceeds $85,000 within a 10-mile radius. This Dollar General is in the heart of downtown Chester, TX, approximately 71 miles to downtown Beaumont, TX and roughly 100 miles to downtown Houston, TX. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Convenience Store General Retail Fast Food General Retail Freestanding Freestanding
• Building Size    10,640
• Year Built    2024
• Price    2,030,092
• Price Per SF    191
• Cap Rate    6.50
• NOI    131,956
• Percent Leased    100
• Building Height    1 Story