Overview

Description

TREK Investment Group is pleased to offer for sale Dollar General in Cleveland, Texas. Located within the Greater Houston MSA with a population totaling more than 7.3 million residents, the subject property is strategically located along Highway 105, less than 5 minutes from the city’s downtown and along the main thoroughfare connecting Cleveland to Conroe, TX. Dollar General features a NNN lease with 10 years remaining on the original 15-year lease. Additionally, there are three, 5-year options, each of which include 10% rent increases. This presents an investor with a highly desirable opportunity to acquire an investment opportunity with the largest dollar store tenant in the country. Dollar General has proved itself to be a recession proof giant with 2023 revenue exceeding $39.036 billion, which was a 7.56% increase year-over-year, which Dollar General has succeeded in doing for decades.

Cleveland, Texas is located within the Houston Metropolitan Statistical Area, which has an estimated population of 7.3 million. Downtown Houston is roughly 45 miles Southwest of this property and George Bush Intercontinental Airport which served over 46 million passengers in 2023 is a quick 35 minute drive. Cleveland is located in Liberty County and the population in 2023 was 9,003, a staggering 20% increases since the 2020 census. The city of Cleveland is centered among mixed pine and hardwood forests and surrounded by the East Fork, and San Jacinto Rivers. The Cleveland area is a beautiful area with a thriving economy,
great schools, recreation, and friendly people. Cleveland is truly "What a Hometown Should Be".

HOUSTON MSA HIGHLIGHTS
Estimated population over 7.3 Million Residents
5th Most Populous metro in the nation
Compromised of 9 counties, spanning an impressive 9,444 miles
The U.S. Bureau of Economic Analysis estimates the Houston MSA’s Gross Domestic Product at $633.2 billion in 2022, making it the seventh largest U.S. metro economy.
Home to 26 Fortune 500 headquarters, ranking third among metro areas in the nation

Highlights

• NNN Lease | Corporate Guarantee | Greater Houston MSA | 7.3 Million Residents
• 10 Years Remaining on Original 15 Year Lease | Three, 5-Year Options | 10% Rent Increases
• 35 Minutes from George Bush Intercontinental Airport

Documents

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