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DOLLAR GENERAL, Orange, TX

DOLLAR GENERAL

Price $1,464,000
Cap Rate 6.15%
NOI $89,990
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 2020
Building Size 9,002 SF
Lot Size 1.88 Acres (81,738 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
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

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR NNN LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» 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 $27.8 billion
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth

CENTRAL AFFLUENT LOCATION WITH ACCESS TO MAIN THOROUGHFARES AND MAJOR INDUSTRIAL PORTS
» Centered minutes from major Texas thoroughfares—Interstate 10 (72,754 AADT), Highway 87 (7,499 AADT), and Highway 12 (9,592 AADT)
» Located at a gateway to the industrial ports in Orange, Beaumont, and Port Arthur
» Average household income of $110,380 within a three-mile radius of the site
» Servicing the Little Cypress community of the City of Orange, located three miles from the site, with minimal competition
» Five Miles from Downtown Orange and Lamar State College-Orange (2,300 students, 65 employees), Shangri La Botanical Gardens and Nature Center (252 acres), and the Orange County Navigation and Port District
» Minutes from Little Cypress Elementary School, Little Cypress Intermediate School, Little Cypress Junior High School, and Little Cypress-Mauriceville High School (2,350+ Students Combined), the Louisiana-Texas border, and from the Sabine Island Wildlife Management Area

NEW 2020 CONSTRUCTION
» Built to Dollar General’s exact specifications, demonstrating long-term commitment to the location
» New building, limiting near-term deferred



Property Description

The property is strategically located at the intersection of FM 1078 and FM 1130, between Interstate 10 (72,754 AADT), Highway 87 (7,499 AADT), and Highway 12 (9,592 AADT), catering to both residential and industrial traffic heading toward the region’s industrial ports in Orange, Beaumont, and Port Arthur. Interstate 10 is the southernmost cross-country highway traversing the entire United States, stretching from Santa Monica, California to I-95 in Jacksonville, Florida. Regionally, it connects the site to nearby Beaumont, and beyond that to Houston, which is 110 miles away. The site is minutes from the Little Cypress community of the City of Orange, which houses approximately 1,000 residents, and has minimal competition in this area. The average household income is $110,830 within a three-mile radius.

Traffic to the site is also increased by its proximity to Downtown Orange, which houses Lamar State College – Orange (2,300 students, 65 employees, Shangri La Botanical Gardens and Nature Center (252 acres), and the Port of Orange. It is also minutes from the Texas-Louisiana border, and is a great stop for Texans on their way to Louisiana’s recreational activities at the Sabine Island Wildlife Management Area, right beyond the border. Visibility to the site is also increased by its proximity to the area’s schools. The site is minutes from Little Cypress Elementary School, Little Cypress Intermediate School, Little Cypress Junior High School, and Little Cypress-Mauriceville High School (2,350+ students combined). And is aided by its 21-foot pylon sign.

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