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Dollar General, Brookeland, TX

Dollar General

Brookeland, TX

Price $1,840,000
Cap Rate 4.75%
NOI $87,388
Lease Term 15 years
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases In Option Periods
Year Built 2022
Building Size 10,640 SF
Lot Size ±1.9945 Acres (86,880.61 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

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
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Dollar General’s annual revenue exceeds $34 billion
» Dollar General Ranked #91 on Fortune 500 list (12 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 18,130 locations in 46 states and has plans for significant future growth
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, ideal investment opportunity for an out-of-area investor

STRATEGIC LOCATION ON BROOKELAND’S MAIN THOROUGHFARE
» Easily accessible from U.S. Highway 96 North, Brookeland’s main thoroughfare
» U.S. Highway 96 North connects Beaumont and Jasper to northern Texas cities
» 1.4 miles from Brookeland High School (196 students)
» Near area attractions and popular family vacation destinations including Powell Park Resort & Marina, Sam Rayburn Marina Resort (12 cabins, nine rooms, and 22 RV sites), Brookeland / Lake Sam Rayburn KOA Holiday, and many more
» Minutes from Downtown Brookeland, 8.4 miles from Downtown Pineland, and 150 miles from Houston (the fourth-most populous city in the U.S. with over 2.3 million residents)
» Average annual household income of $68,818 within five miles (projected to increase 12% by 2026)

NEW 2022 CONSTRUCTION IN TAX-FREE STATE
» High-quality construction completed in 2022
» Texas has no state income tax, estate tax, or inheritance tax



Property Description

Dollar General is easily accessible from U.S. Highway 96 North – Brookeland’s main thoroughfare, which connects Beaumont and Jasper to northern Texas cities. The average annual household income is $68,818 within five miles and is projected to increase 12 percent by 2026. The site is 1.4 miles from Brookeland High School (196 students). The property is near area attractions and popular family vacation destinations including Powell Park Resort & Marina, Sam Rayburn Marina Resort (12 cabins, nine rooms, and 22 RV sites), Brookeland / Lake Sam Rayburn KOA Holiday, and many more. The property is minutes from Downtown Brookeland, 8.4 miles from Downtown Pineland, and 150 miles from Houston (the fourth-most populous city in the U.S. with over 2.3 million residents).

Contact Us About This Property

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