Livingston, TX - Dollar General

Description:

10-Year Operating History | 5 Years Remaining | Corporate Guaranteed | 10% Rental Increases
• Dollar General has operated at this location for 10 years and has 5 years remaining on their current lease
• 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 18,500 locations in 47 states as of July 29, 2022
• The lease includes 10% rental increases every 5 years and at the beginning of each option

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• Investor benefits from fee simple ownership of the building and land
• No landlord responsibilities
• Ideal, management-free investment for a passive investor in a state with no state income tax

Strong Operator | 1,000+ New Stores In 2022
• Dollar General Stores is an American chain of variety stores that has become one of the most profitable stores in the rural United States with revenue reaching $34.22 billion
• The company has opened 1,050 new stores across the U.S. in 2022, expanding its presence to 47 states throughout the country

Fronting North Highway 146 | Limited Competition | Surrounding Nearby Attractions | Excellent Visibility & Access
• Dollar General is strategically fronting North Highway 146 averaging 9,400 vehicles passing by daily
• Limited competition as the nearest Dollar General is more 7 miles from the subject property
• Surrounded by nearby attractions such as an RV park (Escapees RV Parks), several ranches, self-storage facility, and Red Barn Supply Store next door
• Surrounding attractions increase consumer draw to the immediate trade area and promotes crossover synergy with Dollar General
• The asset has excellent visibility via street frontage providing ease and convenience for customers

Local Demographics In 5-Mile Trade Area | Affluent 1-Mile | Houston Metropolitan | Lake Livingston
• More than 13,000 residents and 5,000 employees support the trade area
• $103,222 average household income
• Houston’s booming metropolitan saw one of the largest increases in population over the past few years, and according to top experts, it will pass Chicago as one of the largest cities by 2030
• Livingston’s economy is driven by Lake Livingston, one of the largest reservoirs in all of Texas, and provides water to the City of Houston
• Livingston has grown by 20% since 2010