Dollar General & New Life Baptist Church

Investment Overview

The EngVest Group is pleased to present the opportunity to acquire the fee-simple interest in a two-tenant property anchored by Dollar General, located at 122 Cottage Road, Carthage, Texas 75633. This investment combines long-term stability, passive ownership, and credit-backed income with the essential retail demand of Dollar General Corporation (S&P: BBB). With five years remaining on a NN lease and minimal landlord responsibilities, the property provides investors with a reliable income stream at an affordable price point, making it an excellent fit for both private investors and 1031 exchange buyers. The Dollar General lease features 7% rental increases at each option period, providing a natural hedge against inflation and ensuring growing cash flow. Notably, this is the only Dollar General within a nine-mile radius, creating a captive market and reinforcing the store’s long-term viability. The property also includes New Life Baptist Church as a co-tenant, further diversifying income while maintaining a strong community-driven tenant mix. With a corporate-guaranteed lease from Dollar General Corporation, an established track record of performance, and proximity to key community anchors, this property offers investors a recession, internet, and pandemic-resistant investment. Combined with its low entry price point, this Dollar General–anchored asset presents a compelling opportunity to secure a durable, inflation-protected income stream in a resilient market.

Investment Highlights

• 5 Years Remaining on NN Fee-Simple Lease w/ Minimal Landlord Responsibilities
• Strong Corporate Guaranteed Lease by Dollar General Corporation (S&P: BBB Rating)
• 7% Increases Every Option – Hedge Against Inflation
• Only Dollar General in a 9-Mile Radius – Captive Market
• Low Affordable Price Point
• Excellent 1031 Exchange Property – Essential Use – Pandemic, Internet, and Recession Resistant
• Hard Corner Location with Excellent Visibility on Cottage Rd and North Saint Mary Street which combined sees over 7,230+ VPD
• Nearby Points of Interest Include UT Health Carthage (23 private rooms), Tyson Foods, Genpak, Panola College (4,100+ Students), Carthage High School (788 Students), Carthage Junior High School (374 Students), Libby Elementary School (383 Students), and Carthage Primary School (501 Students), and many more.