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5419 US Highway 190 E, Livingston, TX, 77351

Dollar General
$1,683,460

Key Information

Cap Rate
6.5%
$ per SF
$158
Tot. SF
10,640
Lot Size
2.2 Acres
Year Built
2016
Type
Retail
Occupancy
100%
NOI
$109,425

Highlights

  • Build-to-Suit Construction: 2016 build-to-suit construction for Dollar General.
  • PLUS Prototype: Larger 10,640 SF Dollar General PLUS prototype.
  • Absolute NNN Lease: Absolute NNN lease structure with zero landlord responsibilities.
  • Corporate Guarantee: Corporately guaranteed lease from Dollar General Corporation.
  • Rent Increases: 10% rent increases in each of the Three, 5-Year renewal periods.
  • Strong Demographics: Average household income of $93,153 annually.
  • Large Lot Size: Large 2.20 Acre lot.
  • Houston MSA Location: Approximately 70 miles northeast of Houston, part of the broader Houston regional trade area.
  • Lake Livingston Proximity: The store is located just West of Lake Livingston, one of the largest lakes in Texas and a major recreation destination.
  • Investment-Grade Tenant: Leased to Dollar General Corporation, rated BBB by S&P (investment-grade).
  • National Retailer: National retailer with over 21,000 locations and active growth strategy.
  • Essential Business: Designated essential business, demonstrating operational resilience and profitability during and beyond the COVID-19 period.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX), 528005 (TX)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203