Listed by SRS Real Estate Partners Newport Beach
$1,581,000
Dollar General
Details
APN L0450-00-192-0000-10
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 10,640
Cap Rate 6.75%
NOI $106,735
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Remaining Term 12
Lease Options 3 (5-Year)
Price per SqFt $149
Year Built 2023
Buildings 1
Stories 1
Acreage 1.496
Zoning Commercial
Parking Spaces 37 spaces
Parking Per SqFt 3.48
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
12+ Years Remaining | Corporate Guaranteed | Located Along Highway 107 (21,300 VPD)
Marketing description
Dollar General is strategically located on Highway 107, the main thoroughfare in La Blanca with 21,300 vehicles passing by daily
Highway 107 provides direct access to the neighboring towns & cities of Edinburg, Elsa, Edcouch, and others
The subject benefits from direct access to several single-family communities, providing a direct residential consumer base
More than 63,500 residents and 5,700 employees support the trade area
$68,268 average 5-mile household income
Investment highlights
12+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Brand
NNN Leased | 2022 Construction | Income Tax-Free State
Located Along Highway 107 | Centralized Location
Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,735.00
$8,894.58/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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