5405 Williams Dr
Georgetown, TX 78633
Dollar General (Austin MSA) · Retail Property For Sale

The subject offering affords investors the rare opportunity to acquire a corporately guaranteed Dollar General within the booming Austin, Texas MSA. Located directly outside the gates on Sun City, which caters to the 55 and older demographic and encompasses 4,100 acres and 7,500 home sites, this store is primed for sustained long-term success at the unit-level a claim supported by Dollar General' s recent election to exercise its first option period with zero landlord concessions. There are now over five years of firm lease term remaining on this double-net lease, complimented by additional option periods extending through 2032. Georgetown currently boasts the title of being the nation' s fastest growing city with a population over 50,000 (Source: CNBC, Forbes, etc.). Additionally, Georgetown is the county seat of Williamson County. In 2016, Williamson County was the 7th fastest growing city in the United States and its population has more than doubled since the 2000 Census a phenomenon that not simply mirrors, but actually outpaces growth in Austin. Since the 2010 census, the population within a 1-mile, 3-mile, and 5-mile radius of the subject property has risen 33.29%, 34.32%, and 26.28%, respectively. The subject investment particularly benefits from exceptional real estate fundamentals as the offering price is nearly in line with Williamson County' s assessed value (extremely rare for net lease investment properties) and base rent per square foot of $7.85 is approximately 64% below market rent in the area ($12.86 per SF).