7919 Old Hwy Rd
Inez, TX 77968
Dollar General · Retail Property For Sale

NEW CONSTRUCTION TEXAS DOLLAR GENERAL Brand New 9,100 SF Build to Suit Dollar General in Inez, Texas. Scheduled delivery is April 2018. TEXAS IS TAX-FREE STATE Texas is one of 7 states that does not have a state income tax HIGH TRAFFIC LOCATION Both Victoria and Inez are located on US-59 (22,663 VPD) and have a two-hour proximity to Corpus Christi, Houston, San Antonio, and Austin. US-59 is converting into I-69, a strategic US superhighway project to improve trade connections between Canada to Mexico. Victoria is where I-69 will split into three segments that lead south to border connections in Brownsville, Pharr, and Laredo. AFFLUENT DEMOGRAPHICS The 5-Mile Average Household Income is $101,523. VICTORIA MSA Inez is a suburb of Victoria, Texas and is part of the Victoria, Texas MSA. Victoria is located 30 miles inland from the Gulf of Mexico and is the retail, medical, and higher education hub of the region, a seven-county area known as the "Golden Crescent", serving a retail trade area of over 250,000 people with $1.8 billion in total retail sales per year and growing. Victoria's access to major highways, the Victoria Regional Airport, railway terminals, the shallow draft Port of Victoria, and the deepwater Port of Port Lavaca-Point Comfort help to sustain a healthy environment for business. Top employers include DOW Chemical, Caterpillar, Dupont, and Formosa Plastics, which recently announced it is investing $5 billion into a plastic resin plant expansion that will provide 340 jobs to the MSA. Victoria is home to Victoria College (4,419 students) and the University of Houston–Victoria (4,335 students). LONG-TERM CORPORATE ABSOLUTE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including taxes, insurance, CAM, roof, HVAC, and structure. There are 10 percent rent increases in each of the four, 5-year option periods INVESTMENT GRADE TENANT Dollar General is publicly traded (NYSE: DG) and operates over 14,321 locations nationwide with a net worth of over four billion. Dollar General is opening 1,000 locations this year and currently holds an investment grade credit rating of BBB with S&P. Dollar General operates more than 1,400 current locations in Texas and is aggressively expanding its supply chain and distribution operations in the State. The company has announced it will open its 17th Distribution Center (1 million SF) in Longview, Texas which joins its recently completed Distribution Center in San Antonio, Texas.