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Dollar General, Port Neches, TX

Dollar General

Port Neches, TX

Price $1,862,000
Cap Rate 5.35%
NOI $99,607
Lease Term 15 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years In Option Periods
Year Built 2022
Building Size 10,640 SF
Lot Size 3.11 Acres (135,472 SF)
Status Available
Lead Broker Information 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

Jack Hinson
Brokerage
704.572.9921
jack.hinson@cushwake.com
CA RE License #02059267

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
» Corporate Guaranty (NYSE: “DG”)
» 10% rental increases in option periods, providing a hedge against inflation
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General’s annual revenue exceeds $34.2 billion
» Dollar General Ranked #91 on Fortune 500 list in 2021 (the 21-place jump into the Top 100 reflects the company’s exceptional growth)
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates more than 18,130 locations in 46 states and has plans for significant future growth

STRATEGIC LOCATION IN GROWING TEXAS SUBURB
» Located along Port Neches Avenue, a primary east-west thoroughfare
» Beneficial proximity to U.S. Route 96, a major north-south Texas thoroughfare (46,530 AADT)
» 66,893 residents within five miles of the property with an annual household income average of $105,837 within three miles
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years, poising Dollar General and Port Neches for steady concurrent growth
» Centralized location between Downtown Beaumont, Sabine Lake, and the Texas/Louisiana borderline

NEW 2022 CONSTRUCTION
» High-quality 2022 construction built to Dollar General’s latest prototype
» 21-foot pylon sign attracting additional traffic to the site


Property Description

» Located along Port Neches Avenue, a primary east-west thoroughfare
» High-quality 2022 construction built to Dollar General’s latest prototype
» Beneficial proximity to U.S. Route 96, a major north-south Texas thoroughfare (46,530 AADT)
» 66,893 residents within five miles of the property with an annual household income average of$105,837 within three miles
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years, poising Dollar General and Port Neches for steady concurrent growth
» 21-foot pylon sign facing Port Neches Avenue, attracting additional traffic to the site
» Centralized location between Sabine Lake, Downtown Beaumont, and the Texas/Louisiana border

Contact Us About This Property

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