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Dollar General, Sheridan, TX

Dollar General

Price $1,527,000
Cap Rate 6.00%
NOI $91,610
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 Q4 2019
Building Size 9,100 SF
Lot Size 1.3 acres (56,628 SF)
Status Available
Lead Broker Information 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

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

Investment Highlights

15-YEAR NNN LEASE WITH CORPORATE GUARANTY
» 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 $25.6 billion
» Dollar General operates more than 15,000 locations in 44 states and has plans for significant future growth

CENTRAL LOCATION WITH ACCESS TO MAIN THOROUGHFARES
» Visibility and access to 8,050 vehicles per day within a three-mile radius of the property
» Centrally located between Southern Houston and San Antonio

NEAR RECREATION AREAS, NATIONAL RETAILERS, AND LOCAL COMMUNITY HUBS
» Within walking distance of Splashway Water Park, which has an average annual income of $2.5 million
» Central proximity to two Walmart locations, Eagle Lake Golf Course, and Sheridan Community Center
» Within a ten-minute drive of Crooked Creek Lake, Navidad River, Colorado River, and Eagle Lake



Property Description

The property is located on U.S. Highway 90 and West 2nd Street, with visibility and access to 8,050 vehicles per day within a three-mile radius. Conveniently located between Southern Houston and San Antonio, Highway 90 also offers easy access to U.S. Highway 77, U.S. Highway 71, and Interstate 10, which experiences 47,588 traveling vehicles per day and serves as a major east-west thoroughfare through Texas. The property is surrounded by a mixture of well-established local businesses, recreational establishments, and communal meeting areas that cater to locals and tourists alike. Splashway Water Park & Campground, which has an average annual income of $2.5 million, is within walking distance of the property.

Visibility is increased by its proximity to Downtown Hallettsville, which houses national retailers including Walmart, Dairy Queen, Sonic Drive-In, and Tractor Supply Company. Hallettsville Golf Course, Crooked Creek Lake, Navidad River, Colorado River, and Eagle Lake also attract outdoor enthusiasts to the area and boast activities such as hiking, fishing, and camping.

Contact Us About This Property

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