13363 W FM 476
Somerset, TX 78069
Dollar General · Retail Property For Sale

NEW CONSTRUCTION TEXAS DOLLAR GENERAL Brand New 9,026 SF Build to Suit Dollar General in Somerset, Texas. Scheduled delivery is March 2018. TEXAS IS TAX-FREE STATE Texas is one of 7 states that does not have a state income tax SAN ANTONIO MSA LOCATION Somerset is a city located in Bexar County, Texas, less than 20 miles south of Downtown San Antonio and is part of the San Antonio MSA (2.48 million population). San Antonio MSA is the third-largest metro area in Texas and the second fastest-growing large metropolitan area in the state. San Antonio is home to seven Fortune 1000 companies. Valero Energy Corp, Tesoro Petroleum Corp, Clear Channel Communications, USAA, NuStar Energy and CST Brands Inc are located in San Antonio. The San Antonio International Airport (SAT - 8.5 Million Passengers/Year) is located in Uptown San Antonio, approximately eight miles north of Downtown. It has two terminals and is served by 21 airlines serving 44 destinations including six in Mexico. VIA Metropolitan Transit is the metropolitan area's public transportation authority, serving the entire City of San Antonio and many of its suburbs throughout Bexar County. The City of San Antonio is home to many public institutions. The San Antonio area's largest university is the University of Texas at San Antonio (UTSA, 24,724 Students). LONG-TERM CORPORATE ABSOLUTE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including taxes, insurance, CAM, roof, HVAC, and structure. There are 10 percent rent increases in each of the four, 5-year option periods INVESTMENT GRADE TENANT Dollar General is publicly traded (NYSE: DG) and operates over 14,321 locations nationwide with a net worth of over four billion. Dollar General is opening 1,000 locations this year and currently holds an investment grade credit rating of BBB with S&P. Dollar General operates more than 1,400 current locations in Texas and is aggressively expanding its supply chain and distribution operations in the State. The company has announced it will open its 17th Distribution Center (1 million SF) in Longview, Texas which joins its recently completed Distribution Center in San Antonio, Texas.