Overton, TX - Dollar General

Description:

• The tenant currently has over 5 years remaining with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• DG is paying 25% less rent in this 10,640 prototype DG Plus store than the newer stores the exact same size in similar locations
• The low rent along with the larger prototype structure provides an investor with a secure long-term outlook for this investment with a 10% hedge for inflation each five-year option
• 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 locations in 47 states as of August 2024

• The asset is located along S. Commerce St., which averages 4,700 vehicles passing by daily
• With extremely limited nearby competition, the subject property offers an immediate discount store option for highway travelers and locals alike
• The site is in close proximity to Overton Secondary School (257 students), further increasing consumer traffic to the immediate trade area
• Overton is home to the Texas A&M Agricultural Research Center
• The asset has excellent visibility via significant street frontage and a large pylon sign