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Dollar General Dollar Store NN Asset Howe Texas

Dollar General | Howe, TX
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Investment Offering

Tenant: Dollar General | Howe, TX
Premises: 9,014 SF
Renewal Options: 3 x 5 Years

Lease Expiration: 5/31/2025
Lease Type: NN
Rental Increases: Option 1: 9.30% Increase Option 2: 8.51% Increase Option 3: 11.76% Increase


Sands Investment Group is Pleased to Present For Sale the Dollar Store NN Asset Located in Howe, Texas. This Deal Includes a Lease With 3 x 5 Year Options With Varying Rental Increases. Dollar General’s Long Operation History at the Property Shows No Indication of Leaving the Premise, Providing For a Unique Investment.

  • 3 × 5 Year Options Each With Varying Rental Increases; Dollar General’s Long Operation History at the Property Shows No Indication of Leaving the Premise
  • Corporate Guarantee From Dollar General (NYSE:DG): BBB Credit Rating
  • Smaller Demographic Areas Utilize Dollar Generals as a Convenience Store, Grocery Store and Corner Shop For All of Their Retail Needs
  • Corner Lot – Immediate Connection to US-75 Which Sees an Average of 39,229 Vehicles Per Day
  • Howe, TX Has an Expected 2.4% Annual Population Growth Between 2022 and 2027
  • Property is Strategically Located Across the Street From a Large Residential Neighborhood Which Averages $78,882 of Household Income Per Year
  • Leo Red Squirrel and Howe Intermediate School are Located Less Than 1-Mile From the Property; Total Howe Independent School District Enrolls Approximately 1,224 Students Per year
  • No Local Competition – Nearest Dollar Store is Over 10-Miles From This Property

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

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Tenant Overview

Dollar General Corporation (NYSE: DG) was founded in 1939 and has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day! by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo. Dollar General operated 18,356 stores in 47 states as of April 29, 2022. During the year, we completed 2,780 real estate projects, including the opening of our 17,000th store and the launch of our new pOpshelf concept, while also delivering the 31st consecutive year of same-store sales growth. In addition, the Company is reiterating its plans to execute 2,900 real estate projects in fiscal year 2021, including 1,050 new store openings, 1,750 store remodels, and 100 store relocations. The company continues to expect capital expenditures in the range of $775 million to $825 million.

Area Overview

Dollar General | Howe, TX

604 LB Kirby Ave - Howe, TX 75459

Contact Broker for Details

Status: Sold

Dollar General | Howe, TX

Barry Burgess

704.750.2574
barry@SIGnnn.com

Amar Goli

704.275.3787
amar@SIGnnn.com

Make an Offer
$8 BILLION IN SALES

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