For Sale | Exclusive Net-Lease Offering Dollar General | Lipan, Texas

222 West Lipan Drive Lipan, Texas 76462

  • 7,500 Square Feet
  • Retail
  • For Sale

Summary Description

For Sale | 222 West Lipan Drive, Lipan, Texas

Brand new 2019 construction corporate Dollar General | S&P BBB rating | Ranked #128 on the Fortune 500 List

Price: $1,198,790 USD

Area Available: 7,500 Square Feet

Purchase Price:

$1,198,790

NOI:

$78,520.92

CAP Rate:

6.55%

Features:

  • New Fifteen (15) year absolute NNN lease commencing February of 2019 / No landlord responsibility
  • Strong income demographics with $66,980, $71,930 and $78,445 AHI within a one, three and five mile radius respectively
  • Dollar General is the country‚Äôs largest small-box discount retailer and has achieved 26 consecutive years of same store sales growth / Sales increased 7.9% in 2016 to $21.9 billion
  • Amazon resistant retailer experiencing explosive growth / Dollar General plans to open 900 stores for the second year in a row
  • Dollar General has become a shopping staple across the country with 15,000 stores in 44 states
  • 7,500 SF on 0.891 Acre Lot
  • Lease Commences Early March 2019
  • Lease Expires Early March 2034
  • Rent Increases: In Option Periods
  • Options: Three (5)-Year Periods
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