- 8+ years remaining on their current lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
- This property includes favorable seller financing with a 3.50% interest rate, significantly lower than current debt options
- The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 18,800 locations in 47 states as of October 2022
- 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
Investment Offering
Mansfield, TX - Dollar General
2851 N. Main Street | Mansfield, TX 76063
Description
Location
- Strategically located at the signalized, hard corner intersection of N. Main Street and Turner Warnell Road
- Main Street is the primary thoroughfare serving Mansfield and the immediate trade area
- Dollar General is less than 3 miles from U.S. Hwy 287, the second longest three-digit U.S. Route and serves as the major truck route for Texas
- The asset benefits from significant street frontage and multiple points of access, providing ease and convenience for customers
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739