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1401 Kurth Drive, Lufkin, TX, 75904

Dollar General

$1,252,800

Key Information

Cap Rate
8.25%
Tot. SF
9,026
Lot Size
1.35 Acres
Year Built
2014
Term Remaining
± 2.7 Years
Type
Retail
NOI
$100,224

Highlights

• 2014 build-to-suit construction for Dollar General
• Absolute NNN Lease – Zero Landlord Responsibilities
• Five Mile population in excess of 46,977 residents
• Corporately guaranteed lease from Dollar General Corporation
• Texas is an income tax-free state
• Average household income of $61,512, which is considered to be an income “sweet spot” for Dollar General
• Nearby national tenants include Exxon, HEB, Planet Fitness, Chick-Fil-A, McDonald’s, and more
• Leased to Dollar General Corporation, rated BBB by S&P (investment-grade)
• National retailer with over 21,000 locations and active growth strategy
• Designated essential business, demonstrating operational resilience and profitability during and beyond the COVID-19 period

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204