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Dollar General - Collinsville, TX 407 US 377

9,016 SF Retail Building Collinsville, TX 76233 £825,485 (£92/SF) 5.31% Net Initial Yield

Investment Highlights

  • DOLLAR GENERAL (NYSE: DG) | STRONG FINANCIAL COMPANY | MORE THAN 19,000 STORES ACROSS THE UNITED STATES
  • LOCAL MARKET REAL ESTATE ANSWERS CORPORATE SITE CRITERIA | DEMONSTRATES TENANT’S PROFITABILITY AT REGIONAL OR SMALL TOWN LOCATION | LOCATION CLASSIFIE
  • TENANT COMMITMENT TO LOCATION | DOUBLE NET (NN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES
  • CORPORATE GUARANTEE | INCREASING SALES & PROFIT YEAR OVER YEAR | LEASE EXTENSION DEMONSTRATING TENANT’S COMMITMENT

Executive Summary

DOLLAR GENERAL
Dollar General (NYSE: DG) is the largest (by store count) small box discount retailer in the United States.
Dollar General has a total store count of more than 19,000 with more than 1,000 new store openings in 2023 and 800
New Stores scheduled for 2024 - Indication of Tenant’s Commitment to store efficiency and growth in sales.
Dollar General is one of few Net Lease Retailers within the industry that are combined corporately guaranteed and a healthy credit rating making it a perfect tenant to gain safe leverage. Dollar General is a BBB credit rating by Standard & Poor agency.
Dollar General’s strategy is to be th “Walmart” of small towns or provide hassle-free experience to customers by providing a carefully crafted assortment of the most popular brands to the consumer.
Dollar General is a strong company financially with a 10.6% increase in net sales boasting a total sales of more than $40 Billion (2023) and a same store growth of 4.3%.

LOCAL MARKET
COLLINSVILLE, TX
City with a vision! The City of Collinsville envisions a future that maintains its friendly and familyoriented charm, while allowing for new economic opportunities that enhance the fabric of the community and allow residents a high quality of life. Collinsville is a peaceful town where children still ride their bikes and parents still know their neighbors. Collinsville is close to Lake Ray Roberts for fishing and boating and several hiking and walking trails. With five area churches and various faiths, it is also welcoming several new housing communities.
LAKE RAY ROBERTS
Lake Ray Roberts (formally Ray Roberts Lake) is a popular lake for fishing, boating, water-skiing and jet skiing. The lake has some nice, quiet coves that provide protection from the wind. Boating and fishing are the main activities on Lake Ray Roberts but there is also hunting available in the area. The most common fish caught at Lake Ray Roberts are largemouth bass, white bass, channel catfish, crappie, and sunfish. There are several Bass Tournaments on Lake Ray Roberts each year which draw a lot of fishermen. Lake Ray Roberts is a 25,600-acre reservoir located 10 miles north of Denton, Texas, between the cities of Pilot Point, Texas and Sanger, Texas and 30 miles north of Dallas/Ft. Worth. It is filled by a tributary of the Trinity River.
DALLAS - FORT WORTH MSA
The Dallas-Fort Worth Metropolitan Statistical Area (MSA) is a vibrant and rapidly growing region, recognized as a prime hub for real estate investment. With a diverse economy fueled by sectors such as technology, finance, healthcare, and logistics, the area boasts a robust job market and consistent population growth. The region’s pro-business environment, coupled with relatively low cost of living and favorable tax policies, attracts both corporate relocations and workforce migration, driving demand for residential, commercial, and industrial properties. Furthermore, significant infrastructure developments, including transportation and public amenities, enhance accessibility and quality of life, making Dallas-Fort Worth a highly desirable market for investors seeking stability and long-term growth. The dynamic synergy between economic expansion and strategic development positions the Dallas-Fort Worth MSA as a premier destination for real estate investment, promising substantial returns and asset appreciation.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,016 SF
Building Class
C
Year Built
2006
Price
£825,485
Price Per SF
£92
Net Initial Yield
5.31%
NOI
£43,872
Tenancy
Single
Number of Floors
1
Building FAR
0.25
Lot Size
0.83 AC
Zoning
Commercial - Commercial
Parking
26 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
90 ft on U.S. 377

Amenities

  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their 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.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
138779
Land Assessment
£196,832
Improvements Assessment
£518,107
Total Assessment
£714,939
  • Listing ID: 32057964

  • Date on Market: 07/06/2024

  • Last Updated:

  • Address: 407 US 377, Collinsville, TX 76233

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