Edinburg, TX - Dollar General

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 $20 Sq/ft vs the property rent $8.88 Sq/ft
• The site is a Top 5% 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

• The subject property is located along S. Raul Longoria Rd, which averages 10,600 vehicles passing by daily
• The site benefits from nearby direct on/off ramp access to Interstate 69c, a major thoroughfare that averages over 87,700 VPD
• The asset is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Whataburger, HEB, Burger King, Harbor Freight, Murphy USA, 7-Eleven, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the Dollar General is in close proximity to Robert Vela High School (2,189 students), Barrientes Middle School (1,288 students), and William B. Travis Elementary School (329 students), further increasing consumer traffic to the immediate trade area