NNN Lease For Sale Properties

The Boulder Group is pleased to exclusively market a single tenant, new construction, nnn lease for sale Dollar General property located in Sargent, TX. Sargent is a fishing, boating, and water sports community with a variable population, as most of its inhabitants are weekend commuters from larger cities such as Houston, Austin, and San Antonio. The 9,100 square foot Dollar General is strategically located along Sergeant Joe Parks Jr. Memorial Highway (FM 457)  which is the area’s primary thoroughfare. The Dollar General was constructed in 2016. There are 15 years remaining on the Dollar General lease which expires on May 31, 2031. The lease features 10% rental escalations in each of the five 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities.

Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. On October 15, 2015, Standard & Poor’s upgraded Dollar General from BBB- to BBB. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization in excess of $23 billion. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states.

INVESTMENT HIGHLIGHTS

• Investment grade rated tenant (S&P: BBB)
• Long term lease with approximately 15 years remaining
• 10% rental escalations in each renewal option period
• Absolute triple net lease with no landlord responsibilities
• New construction (2016)
• Positioned along the trade area’s primary thoroughfare
• Located in an income tax free state

 

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