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Dollar General 619 W Corsicana St

12,480 SF Retail Building Athens, TX 75751 $2,020,000 ($162/SF) 6.50% Cap Rate

Investment Highlights

  • Dollar General Corp. (NYSE: DG) - Rated “BBB” by Standard & Poor’s Investment Grade
  • Net Income of Approximately $2.4 Billion - Over $26.3 Billion in Total Assets
  • Corporate Guaranty – Absolute NNN Lease – Zero Landlord Responsibilities
  • Over 20,000 Stores - Operational for Over 80 Years
  • Ideal 1031 Exchange Asset – Ease of Management
  • Approximately 3.5+ Years Remaining - Secure Cash Flow

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant Absolute NNN investment fully leased to Dollar General on a corporate guaranteed lease. With approximately 3.5 years remaining and 3 – 5 year option periods, the subject property provides stable cash flow with zero landlord responsibilities and 10% rental increases every option period. This is a rare opportunity to purchase an investment grade credit tenant in a tax free state, with zero landlord responsibilities.
Dollar General Corp. (NYSE: DG) is a discount retailer that offers consumables, seasonal, home products, and apparel. Dollar General Corp. posts over $36.2 Billion in Revenue, over $26.3 Billion in Total Assets, and an investment grade rating of “BBB” by Standard and Poor’s. There are more than 20,000 locations in 47 states and is headquartered in Goodlettsville, TN. Dollar General has been in operation for over 80 years and is one of the strongest discount retailers in the US. National Credit Tenants - Pride of Ownership.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Building Class
B
Year Built
2013
Price
$2,020,000
Price Per SF
$162
Cap Rate
6.50%
NOI
$131,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Land Acres
1.22 AC
Opportunity Zone
Yes
Parking
48 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
151 FT on Corsicana St

Amenities

  • Pylon Sign

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2050-0084-0010-01
Land Assessment
$98,402
Improvements Assessment
$783,951
Total Assessment
$882,353
  • Listing ID: 33384123

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 619 W Corsicana St, Athens, TX 75751

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