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28754942
28754943

1000 N Patrick St, Dublin, TX 76446

CA
FL FL SL3382569
TD Commercial Group
Listed by TD Commercial Group
$2,075,000
183 days on market
Updated 87 days ago

Dollar General Market | 7% Cap | Absolute NNN | Dublin, TX

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 12,687
Net Rentable (SqFt) 12,687
Units 1
Cap Rate 7.00%
NOI $144,918
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 13
Remaining Term 12
Rent Bumps Yes
Price per SqFt $164
Broker Co-Op Yes
Class A
Year Built 2024
Acreage 0.950
Investment Type Institutional
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 03/15/2024
Occupancy Date 03/15/2024
Ground Lease No
Ownership Fee Simple

Top-Performing DG Market | 2024 Build | 5% Rent Bumps | No Landlord Duties

Marketing description

Market Description – Dollar General Market | Dublin, TX

This newly constructed Dollar General Market in Dublin, Texas presents a rare opportunity to acquire an absolute NNN lease backed by an investment-grade tenant (NYSE: DG), with 13.5 years remaining on the primary lease term. The property is located on N Patrick Street, the city’s main commercial thoroughfare, ensuring high visibility and consistent local traffic.

Dublin, TX is a rural but strategically positioned community approximately 90 miles southwest of the Dallas-Fort Worth metroplex. With a stable population, growing residential base, and limited national retail competition, the area offers a captive and value-conscious consumer demographic that aligns perfectly with Dollar General’s rural expansion strategy. The property is surrounded by essential services, schools, and daily-traffic generators, including the Dublin Independent School District and nearby healthcare and municipal employers.

This 0.95-acre site is improved with a 12,687 SF Dollar General Market offering 5% rent increases every five years, providing long-term income growth and built-in inflation protection. As a fee simple, ground-up development, the asset delivers zero landlord responsibilities and no deferred maintenance concerns — making it ideal for 1031 exchange buyers, passive investors, and institutional capital seeking durable income.

Priced at $2,075,000 with a 7.00% cap rate, this offering combines stable cash flow, long lease duration, and a proven retail operator in a recession-resistant market.

Investment highlights

Key Highlights

  • Brand new 2024 construction – zero capex risk

  • Absolute NNN lease – true passive income, no landlord duties

  • Corporate guarantee – backed by Dollar General (NYSE: DG, Fortune 500 #106)

  • DG Market format – larger prototype serving as the area’s primary grocery resource

  • Top national performer among Dollar General Market locations

  • 5% rent bumps every 5 years – rare lease structure for the tenant

  • Located in Texas – no state income tax on rental income

  • Aggressively priced to transact – $2,075,000 at a 7.00% cap

Listing Contacts

CA
FL FL SL3382569
TD Commercial Group
Listed by TD Commercial Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$144,918.00
$12,076.50/mo

Valuation Metrics

0
DSCR
6.98%
Cap Rate
6.98%
ROI

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