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4940 N Fm 565, Baytown, TX, 77523

DOLLAR GENERAL
Closed

Key Information

Cap Rate
7.45%
Tot. SF
9,100
Year Built
2015
Term Remaining
±4.75 YRS
Type
Retail

Highlights

Lease & Location:

  • 2015 build-to-suit construction for Dollar General
  • Absolute NNN Lease – Zero Landlord Responsibilities
  • Texas is an income tax-free state
  • Corporately guaranteed lease from Dollar General Corporation
  • 5 mile population in excess of 70,416 residents
  • Extremely strong average household income of $115,805 annually
  • Subject property is located just 36 miles from downtown Houston
  • Nearby national tenants include HEB, Whataburger, Burger King, Popeyes, McDonalds, Chick Fil A, and many more

Tenant:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General boasts an investment-grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
  • Dollar General has a Market Cap of over 25 Billion

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225