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Dollar General - Abs NNN - Low Rent 23421 TX-36 Hwy 9,026 SF Retail Building Damon, TX 77430 $1,239,000 ($137.27/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 7+ Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty by Dollar General (NYSE: DG)
- 10% Rental Increases in Each of Five, Five-Year Renewal Options
- Easily Accessible Location Along TX-36, a Primary Thoroughfare for Brazoria County with Direct Access to Interstate 69 to the North
- Dollar General Operates Nearly 21,000 Stores Across the U.S. and Counting
- Rapidly Growing Trade Area within the Houston MSA - Households and Population Projected to Increase ±8% within a 15-Mile Radius by 2030
- Close Proximity to Brazos Bend State Park, Featuring Campsites, 37 Miles of Trails, Fishing, an Observatory, and More
EXECUTIVE SUMMARY
Dollar General Corporation (NYSE: DG) has been delivering value to shoppers for over 84 years. Dollar General helps shoppers save money and time 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 low everyday prices in convenient neighborhood locations.
Damon is a community in Brazoria County, Texas, located along Texas State Highway 36. Brazoria County is part of the Houston-The Woodlands-Sugar Land metropolitan statistical area.
Damon is a community in Brazoria County, Texas, located along Texas State Highway 36. Brazoria County is part of the Houston-The Woodlands-Sugar Land metropolitan statistical area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
9,026 SF
Year Built
2018
Price
$1,239,000
Price Per SF
$137.27
Cap Rate
7%
NOI
$86,726
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.93 AC
1 of 4
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Dollar General - Abs NNN - Low Rent | 23421 TX-36 Hwy
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