Dollar General

Culebra Road @ Laven Drive - San Antonio TX 78228

LTV (Loan to Value)	65.00%	Current NOI	$86,530.00
Interest Rate	4.250%	Capital Rate	6.250%
Fixed Term	10 Years	Land Area	0.90 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$899,912.00	Property Type	Retail
Payment	$4,875.17	Property Lease	Dollar Store
Bulding Size	9,100 SF	Remaining Terms	15 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a 9,100 square-foot freestanding Dollar General property situated on 0.90 acres and located in San Antonio, TX. The Property is a brand new build-to-suit facility for the tenant.Dollar General is operating under a brand-new fifteen (15) year absolute triple net (NNN) lease with 10% increases in each of the three (3), five (5) year option periods. The property is strategically located in the market of San Antonio, Texas, situated to serve the tenant’s targeted demographic, with a population of 20,509 and an average household income of $40,254 within a one (1) mile radius.The property is 100% leased to Dollar General Corporation (NYSE: DG, S&P: BBB-). Dollar General currently operates more than 11,800 stores in 43 states, and boasted revenues in excess of $18.91 billion as of January 2015 with a current net worth of approximately $5.71 billion. The company’s revenues rose by 9% in fiscal 2014 driven by a same-store sales increase of 3% and a consumables revenues increase of 11%.

Highlights

NNN Investment – Absolute net lease. Tenant is responsible for all expenses including roof, structure, taxes, insurance, and common area…

Property Description

San Antonio is the second most populous city in the state of Texas, with a population of 1,409,019. It was the fastest growing of the top 10 largest cities in the United States from 2000 to 2010, and the second from 1990 to 2000. San Antonio has a diversified economy with an approximately $96.8 billion metropolitan GDP, ranking 4th among Texas metropolitan areas and 38th in the United States.