Dollar General – Electra, TX

$377,647
Price
$32,099
Noi
8.50%
Cap Rate
17460
Leasable Area
1984
Year Built

CONTACT US REGARDING THIS LISTING

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 17,460 SF Three-Tenant Center located in Electra, TX. The property is encumbered with Three Gross Leases, leaving landlord responsibilities. The lease contains 3 (5) Yr. Options to renew on Dollar General, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade.

This Dollar General strip center is highly visible, as it is strategically positioned in Electra. The five mile population from the site is 3,045 while the three mile average household income is $46,736 per year, making this location ideal for a Dollar General. The Subject offering represents an excellent opportunity for a 1031 exchange buyer or an investor to attain the fee simple ownership of Dollar General Strip Center. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 8.50% cap rate based on NOI of $32,099.

INVESTMENT HIGHLIGHTS
• Dollar General Corporate Guaranty
• Recent Lease Extension | Committed to Location
• Three Mile Household Income $46,736
• Five Mile Population 3,045
• Investment Grade Dollar Store
• Dollar General Reported 31 Consecutive Quarter of Same Store Sales Growth
• Traffic Count of Cars per Day is 3,414
• All Tenants Have 10+ Years Operating History

InState Broker of Record: Avery Murrah | Stroudlink Realty Services | License # 9004477