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Dollar General

33026 Baethe Road, Waller, TX 77484

$1,852,245

Cap Rate 6.10%

Updated: 04.16.24 Posted: 12.01.23 Status: Sold

Summary

Price $1,852,245
Built/Renov 2022
Tenant Dollar General
Cap Rate 6.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 12-01-2022
#Units 19,294
Price/SF $174.08
Expiration 12-31-2037
Tenant Type Dollar/Discount
NOI $112,985
R. Term 12.7
Ownership Fee Simple
Rent/SF $10.62
Increases 10.0%/14/yrs
Pop 5Mi 7,743
Lot/AC 2.00
Options 3/5yrs/10%
AHHI 5Mi $95,232

Chance Hales
Trinity REIS
Contact

Branson Blackburn
Trinity REIS
Contact

Cody Crist
Trinity REIS
Contact

Eric Kelley
Trinity REIS
Contact

Lease Highlights

  • New 2022 construction
  • Dollar General has 13+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 10% rental increase at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General is strategically located at the hard corner intersection of Beathe Road and FM 362, with a combined traffic count of 3,298 vehicles passing by daily. This prime location is further enhanced by the limited competition in the vicinity. Additionally, the property is in close proximity to key community establishments such as Lonestar Sports Complex, Waller Boar & RV Storage, Auto...

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Key Features

  • New construction

  • Hard corner intersection

  • Top 100 MSA

  • Affluent suburb location

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Dollar General Wikipedia Dollar General Wikipedia Waller, Texas Zip Code 77484 Broker Site Page

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,294
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 455 2,302 7,686
2023 Total Population : 484 2,445 7,402
2023 Employed Civilian Pop : 230 1,161 3,412
2023 Total Businesses : 13 45 358
2023 Average Household Income : $ 90,183 $ 94,176 $ 82,722
2023 Total Consumer Spending : $ 13 M $ 69 M $ 187 M
2023 Median Age : 41 40 37
2023 Total Households : 170 861 2,627
2023 Pop Age 25+: Bachelor's Degree : 54 249 727
2023 Average Home Value : $ 267,434 $ 263,038 $ 312,627
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
I 20-N Business Baethe Rd 2020 3,058 0.10 mi
FM 362 Baethe Rd 2021 3,340 0.10 mi
Baethe Rd FM 362 2011 240 0.15 mi
FM 362 Rd 2013 2,855 0.56 mi
FM 362 Rd 2000 1,850 0.63 mi
Kitty Hawk Dr Rochen Rd 2011 140 0.77 mi
Penick Rd Sandwedge Dr 2011 660 0.81 mi
Betka Rd FM 362 2011 330 1.13 mi
Kitty Hawk Dr Rochen Rd 2011 150 1.29 mi
Rochen Rd FM 362 2011 440 1.34 mi

Listing Broker

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