McAllen, TX - Dollar General (Dove Ave)

Description:

• Dollar General has 5+ years remaining on their current lease with 3 (5-year) options to extend
• The lease features 10% rental increases at the beginning of each option
• The market rent in the area is $22 Sq/ft vs the property rent $9.00 Sq/ft
• The site is a Top 40% Dollar General (Placer.AI)
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,345 location as of August 2024

• Dollar General is located near the signalized, hard corner intersection of State Hwy 336 and Dove Ave. W, which combined to average 54,400 VPD
• The asset is located next to Plaza Las Fuentes, a regional shopping center that is anchored by Sprouts, Lowe’s, Pet Supplies Plus, and more
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, McDonald’s, Chick-fil-A, Wendy’s, Office Depot, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the site is in close proximity to Driscoll Children’s Hospital (119 beds), further increasing consumer traffic to the immediate trade area