New Waverly, 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 $14 Sq/ft vs the property rent $6.19 Sq/ft
• The site is a Top 9% 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 at the signalized, hard corner intersection of State Hwy 75 & 150 and State Hwy 150, which combined to average 16,200 vehicles passing by daily
• The site benefits from nearby direct on/off ramp access to Interstate 45, a major thoroughfare that averages over 59,300 VPD
• Nearby national/credit tenants include Circle K, Shell, Subway, NAPA, and 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 New Waverly Elementary School (289 students) and New Waverly High School (333 students), further increasing consumer traffic to the immediate trade area