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Dollar General, Batson, TX

Dollar General

TX, United States

Price $1,425,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases 10% Rental Increases in Option Periods
Year Built 2017
Building Size 10,640 SF
Lot Size 1.50 Acres (65,450 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

DOLLAR GENERAL PLUS FORMAT
» The “PLUS” store format offers a wider variety of groceries, perishables, frozen foods, and other merchandise
» Features latest Dollar General prototype

STRONG CUSTOMER BASE WITH MINIMAL COMPETITION
» Closest Dollar General is a 20-minute drive away
» Located near residential neighborhoods, the West Hardin County Consolidated School District, and major employers
» Near Big Thicket National Preserve, a popular destination for outdoor recreation that was visited by 192,809 people in 2016, resulting in an economic impact of $15.9 million for the local economy

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located just off of the signalized intersection of Batson’s two main roads, Texas Highway 105 and Texas Highway 770, which experience a combined traffic count of 9,581 vehicles per day. The property is centrally located in Batson, with close proximity to major retailers, such as Shell and Chevron, as well as community amenities, including the U.S. Post Office and several churches. Batson Lumber Company is located approximately two miles south of the site. Hardin County is one of the top timber producing counties in Texas, and lumber is a major economic driver. Batson Lumber Company employs more than 50 people, and has been sawmilling for over 20 years. The West Hardin County Consolidated School District is located just over two and a half miles east of the property. The school has a total enrollment of 584 students and employs approximately 63 staff members. The property is close to several residential neighborhoods, which will be served by Dollar General. Additionally, the property faces very little competition, as the closest Dollar General is a 20-minute drive away.

Batson is surrounded by Big Thicket National Preserve, a popular tourist destination and important economic driver. A new National Park Service report showed that 192,809 people visited Big Thicket National Preserve in 2016. Those visitors spent $12,347,900 in communities near the park, supporting 172 jobs in the local area and resulting in a cumulative benefit to the local economy of $15,909,400. Big Thicket National Preserve has been increasing in economic significance in recent years; visitor spending increased 17.9% between 2014 and 2015 and increased 55.7% between 2015 and 2016. The total economic impact of the park more than doubled between 2015 and 2016, increasing a whopping 57.4%.

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