Dollar General | 40 Miles From Houston 140 County Rd 676 9,026 SF Retail Building Dayton, TX 77535 £1,061,462 (£117.60/SF) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- LOW PRICE POINT ABSOLUTE NNN - 9.8+ Years Remaining. 25 Years Renewal Options. Rent Increases Throughout
- ZERO LANDLORD RESPONSIBILITY. GUARANTEED CORPORATE LEASE - No Management Required. Passive Rental Income
- CLOSE ECONOMIC TIES TO HOUSTON - #1 Fastest-Growing Cities. #2 Top U.S. Metro Job Growth. #1 Texas Medical Center Best Hospitals USA
- NATIONAL INVESTMENT-GRADE TENANT [NYSE:DG] - #108 Fortune 500 Companies. $37B Revenue. S&P Investment Grade BBB
EXECUTIVE SUMMARY
Dayton is a rapidly growing city and is just 40 miles from the bustling Houston metropolitan area. Dayton is strategically positioned along key transportation corridors, including US 90, TX 146, and I-69, the city has experienced over 20% population growth in the past decade. Dayton is quickly becoming a sought-after destination for families seeking quality living. Housing costs in Dayton are approximately 20% lower than the Houston metro average, and the city has been named one of Texas’s Most Affordable Places to Live.
The proximity to the Greater Houston area provides access to a wealth of cultural and recreational opportunities, including six professional major league teams, over 10,000 restaurants representing 70 countries, 150 museums and art galleries, and 795 parks to satisfy all.
Broker of Record Bang Realty-Texas Inc., Lic #9007017
PROPERTY FACTS
MAJOR TENANTS
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- Retailer
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- Dec 2034
DG is proud to be America’s neighborhood general store. We strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | - | - | NNN | Dec 2034 |
PROPERTY TAXES
| Parcel Number | 000285-000009-012 | Improvements Assessment | £0 |
| Land Assessment | £122 | Total Assessment | £122 |
