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.
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
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.
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