Offering Memorandum Coming Soon!
Transwestern National Net Lease | Sale Leaseback Group is pleased to present a rare opportunity to acquire a Dollar General ranked as one of the top visited Dollar General properties locally, statewide and nationally, according to Placer.ai data. The property, located at 4501 W.J. Boaz Road, Fort Worth, Texas 76179 is, according to Placer.ai reports, ranks as the 5th top visited Dollar General store out of 46 stores within a 15-mile radius, ranks in the top 10% statewide and top 7% out of all the Dollar General stores nationwide with a ranking of 1,161st out of nearly 19,000 stores across the country (Placer.ai report available upon request).
The Property was completed in April 2020 on a fifteen (15) year initial lease term which runs through April 2035 and is structured as absolute triple net providing a truly passive investment for an investor with no landlord responsibilities. The store is located at the southwest corner of the signalized intersection of Old Decatur Road and W.J. Boaz just north of a CubeSmart self-storage facility and amidst a strong residential area.
The Property is located 12 miles north/northwest of downtown Fort Worth in the growing north Fort Worth sector. With the population of Fort Worth fast approaching 1 million residents it is now the 12th largest city in the U.S., and Fort Worth is projected to grow to more than 1.2 million in the next 20 years. North Fort Worth is also one of the most dynamic segments of the City with growth spurred by the growing 27,000-acre AllianceTexas development.
Dollar General is a publicly traded company (NYSE: DG) and an investment grade tenant (S&P: BBB). Headquartered in Goodlettsville, Tennessee, Dollar General’s gross revenue for 2023 exceeded $38.7 billion with operating profit of $2.4 billion. Dollar General operates more than 19,000 stores with plans to open 800 more and remodel an additional 1,500 stores in 2024.