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1401 Kurth Drive, Lufkin, TX, 75904

DOLLAR GENERAL
$1,293,213

Key Information

Cap Rate
7.75%
Tot. SF
9,026
Year Built
2014
Term Remaining
±4 YRS
Type
Retail

Highlights

Lease and Location:

  • 2014 build-to-suit construction for Dollar General
  • Absolute NNN Lease – Zero Landlord Responsibilities
  • ±2 Miles from downtown Lufkin, TX
  • Five Mile population in excess of 46,510 residents
  • Corporately guaranteed lease from Dollar General Corporation
  • Texas is an income tax-free state
  • Average household income of $61,512, which is considered to be an income “sweet spot” for Dollar General
  • Nearby national tenants include Exxon, HEB, Planet Fitness, Chick-Fil-A, McDonald’s, and more

Tenant:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has 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