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Dollar General, Silsbee, TX

Dollar General

TX, United States

Price $1,549,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases 10% Rental Increases in Options
Year Built 2016
Building Size 9,100 SF
Lot Size 4.07 Acres (177,289 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

CORPORATE GUARANTEED, ABSOLUTE TRIPLE NET LEASE
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» 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

MAJOR NATIONAL TENANT WITH SRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s yearly revenues exceed $20 billion
» Dollar General operates 13,000 locations in 43 states and has plans for significant future growth

PRIME LOCATION IN SEMI-REGIONAL SHOPPING HUB
» Silsbee is a semi-regional shopping hub and is home to major national retailers, including Walmart, CVS, Walgreens, and several car dealerships
» Silsbee is a bedroom community for Beaumont’s working professionals
» The Silsbee Primary Trade Area has a higher median household income than other trade areas of its size

BRAND NEW 2016 CONSTRUCTION
» High-quality construction completed in 2016
» Built to Dollar General’s exact specifications, demonstrating long-term commitment to the location
» Features latest Dollar General prototype

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on F.M. 148, with excellent visibility and access to 5,340 vehicles per day. F.M. 148 connects to several major thoroughfares and links downtown Silsbee to downtown Kountze. F.M. 148 is a primary arterial between Highway 287, which leads to Lumberton, and Highway 96, which leads to downtown Beaumont. Additionally, F.M. 148 provides access to downtown Silsbee and Silsbee’s main commercial thoroughfares. As a semi-regional shopping hub, Silsbee is home to several major retailers, including Walmart, CVS, Walgreens, Aaron’s, Cato, and several car dealerships.

The property benefits from its proximity to Silsbee Country Club, a major recreational destination for residents of Silsbee and the surrounding area. Additionally, the property is surrounded by residential neighborhoods, which will be served by Dollar General.

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