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Dollar General, Evadale, TX

Dollar General

TX, United States

Price $1,462,000
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 1.44 Acres (62,639 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 STRONG 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

IMMEDIATE PROXIMITY TO JASPER COUNTY’S LARGEST EMPLOYER
» Immediate proximity to WestRock’s Evadale paper mill, which employs over 700 people
» The Evadale mill has a $300 million annual impact on Southeast Texas
» WestRock is one of the world’s largest paper and packaging companies, with $15 billion in annual revenue and 42,000 employees globally

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 Highway 105, Evadale’s main thoroughfare, with excellent access and visibility to 8,400 vehicles per day. The property has immediate access to U.S. Highway 96, a primary transportation corridor connecting Evadale to major population centers, including Silsbee, Lumberton, and Beaumont. U.S. Highway 96 boasts a high traffic count of 17,800 vehicles per day. Located approximately six miles east of Evadale down U.S. Highway 96, Silsbee is home to several retail centers featuring major national tenants, including Walmart Supercenter, Walgreens, Verizon, GameStop, and O’Reilly Auto Parts.

The site benefits from its immediate proximity to WestRock paper mill, the largest employer in Jasper County, with over 700 employees. WestRock’s Evadale mill has a $300 million annual economic impact on Southeast Texas. Additionall, the property is directly across from Evadale Independent School District. The campus is home to Evadale Elementary School, Evadale Middle School, and Evadale High School. Additionally, the property is surrounded by residential neighborhoods and single-family homes, providing a large customer base for Dollar General.

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