OFFERING SUMMARY
Price: $795,000
Lease Type: Double Net
Guarantor: Corporate Guaranteed
Gross Leasable Area: 8.890 S/F
Year Built: 2002
OFFERING HIGHLIGHTS
- Double Net Lease
- Corporate Guaranteed
- Located in Austin MSA
- Lease Term: 3+ Years
- NOI: $52,200
INVESTMENT OVERVIEW
The subject property affords both an incoming and experienced investor the opportunity to acquire a corporately guaranteed, Double Net Lease Dollar General (NYSE: DG) located in Smithville, Texas (Austin MSA). The tenant has shown commitment to the site and has exercised all options, instilling confidence that the incoming investor should have the opportunity to negotiate a completely new lease at the end of this term.
Dollar General has performed extremely well throughout the COVID-19, and this impressive performance is poised for continued growth on account of their recession-proof business model. With a price point of $795,000, this bite-sized offering provides the opportunity to purchase an asset boasting a strong return and in the path of growth.
