American Freight; Paducah, KY | Corp. Lease | Below Market Rent | Kentucky
Paducah, KY
Dollar General | Build-to-Suit Construction
400 S Patrick St, Dublin TX, 76446
Price: $1,338,000
Status: Available
Cap Rate: 7.25%
Year Built: 2009/Ren. 2022
NOI: $97,020
Lot Size: 0.96 acres
Price Per Foot: $148
SF: 9,014
Remaining Term: 7.6 Years
Lease Type: Double-Net (NN)
Property Intro
Lee & Associates and Bang Realty are pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in Dollar General “Subject Property”, located at 400 S Patrick St, Dublin, Texas. Built in 2009 and fully renovated in 2022, the Subject Property consists of a 9,014 square foot building that resides on a 0.96-acre parcel.
investment highlights
- Dollar General Corp. (NYSE: DG) – Investment Grade Credit | S&P “BBB” Credit Rating
- Strong Corporate Tenant | $39B in Revenue (2023) | 19,400 Locations & 170,000 Employees
- Strategically Located Amongst Local Retail Tenants | Outperforming Adjacent Family Dollar
- Strong Operating History | 15+ Years at this Location | 10% Rent Increases | (3), 5-Year Options to Extend
- 10-Mile Population of Just Under 10,000 | Average HH Income Of $68,000
- 2022 Full Scale Building Interior and Exterior Renovation
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