The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Dollar General located at 9773 TX-154 South in Sulphur Springs, Texas for $1,200,000.<\/p>\n
This Dollar General property has over 11 years remaining on an absolute net lease. There are three 5-year renewal options with 10% rental escalations at each option. The property was built in 2020 and is situated on a 2.00-acre site. The lease is corporately guaranteed by Dollar General, an investment-grade tenant with an S&P rating of BBB.<\/p>\n
This property benefits from the surrounding area demographics, featuring a population of 25,598 people within a 10-mile radius and a 5-mile average household income of $98,062. It is located along TX 154 (5,700+ VPD), which is the major north-south arterial nearby and intersects with Interstate 30 eight miles north of the subject property.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a family office and the buyer is a California-based investor.<\/p>\n
Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee, which has been in expansion mode for several years. Dollar General offers products that are frequently used and replenished\u2014such as food, snacks, health and beauty aids, cleaning supplies, and seasonal items\u2014at low, everyday prices in convenient neighborhood locations. A leading discount retailer, Dollar General operates more than 18,130 stores in 46 states and has plans for significant future growth.<\/p>\n
\u201cNet lease assets in income tax-free states still trade at a premium\u201d said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, \u201cThe market for net-leased dollar stores at lower price points are in favor for private cash buyers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Dollar General located at 9773 TX-154 South in Sulphur Springs, Texas for $1,200,000. This Dollar General property has over 11 years remaining on an absolute net lease. There are three 5-year renewal options with 10% rental escalations at each […]<\/p>\n","protected":false},"author":3,"featured_media":2822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[],"class_list":["post-2821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-sold"],"yoast_head":"\n