New Caney, TX - Dollar General

Description:

• Dollar General has 6+ years remaining on their current lease with 2 (5-year) options to extend
• The lease features 10% rental increases at the beginning of each 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 location as of August 2024

• Dollar General is near the signalized, hard corner intersection of FM Rd and State Hwy 494, which combined average 33,100 VPD
• The site benefits from nearby direct on/off ramp access to Interstate 69, a major thoroughfare that averages 71,400 vehicles passing by daily
• The subject property is located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Starbucks, Walgreens, Taco Bell, Mcdonald’s, O’Reilly Auto Parts, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the asset is in close proximity to New Caney Elementary School (642 students), further increasing consumer traffic to the site