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5419 US Highway 190 E, Livingston, TX, 77351

Dollar General

$1,621,111

Key Information

Cap Rate
6.75%
Tot. SF
10,640
Lot Size
2.2 Acres
Year Built
2016
Term Remaining
± 5.75 Years
Type
Retail
Occupancy
100%
NOI
$109,425

Highlights

• 2016 build-to-suit construction for Dollar General
• Larger 10,640 SF Dollar General PLUS prototype
• Absolute NNN lease structure with zero landlord responsibilities
• Corporately guaranteed lease from Dollar General Corporation
• 10% rent increases in each of the Three, 5-Year renewal periods
• Average household income of $93,153 annually
• Large 2.20 Acre lot
• Approximately 70 miles northeast of Houston, part of the broader Houston regional trade area
• The store is located just East of Lake Livingston, one of the largest lakes in Texas and a major recreation destination
• 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

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Agents

Broker of Record

Patrick Graham

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