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28892498
28892499

2024 S Eddy St, Pecos, TX 79772

KP
CA 01949749
Matthews
CK
CA 01911198
Matthews
MT
NY 10401388321
Matthews
Listed by Matthews
$444,631
180 days on market
Updated 40 days ago

Dollar General

Details
Property Type Retail
Sub Type Storefront
Square Footage 15,000
Cap Rate 9.5%
NOI $42,240
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN+
Lease Term 15
Lease Expiration 10/01/2028
Remaining Term 2.3
Rent Bumps Yes
Lease Options 1,5 Year Option
Price per SqFt $27
Year Built 1983
Buildings 1
Stories 1
Parking Spaces spaces
Tenant Credit Credit Rated
Ground Lease No

9.50% CAP Rate | 15% Rent Bumps

Marketing description

Michael Tamir, Kevin Puder, Chad Kurz in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code

Patrick Graham

Broker of Record

License No. 528005, 9005919 (TX)

Matthews Real Estate Investment Services, Inc

Investment highlights

  • Long-Term Dollar General Tenancy – (Since 1999) Dollar General has operated at this location for over 25 years, demonstrating exceptional store stability and sales performance.

  • Corporate Guarantee Lease – Guaranteed by DolgenCorp of Texas, Inc., a subsidiary of Dollar General Corporation (BBB credit rating).

  • Double Net (NN) Lease – Minimal Landlord Responsibilities. Tenant handles interior/exterior maintenance, HVAC, plumbing, electrical, and utilities — resulting in predictable, low-touch ownership.

  • Rent Below Market – With Upcoming 15% Option Increase Current rent: $3,520/month ($42,240 annually). Next 5-year option features a 15% rent bump, bringing NOI to $48,576.

  • High-Performing Store Ranking – The store ranks in the top 17% of all Dollar General stores in Texas and top 19% nationally.

  • Strong Retail Fundamentals – Located on S. Eddy Street, which sees 11,500 vehicles per day, serving a growing trade area with increasing population and strong household incomes.

  • Recent Capital Improvements Per the previous OM:

    • New Paving (2017)

    • New HVAC (2016)

Proven Discount Retail Location – Pecos, TX continues to show solid population growth and limited competing discount retail in the immediate trade area.

Listing Contacts

KP
CA 01949749
Matthews
CK
CA 01911198
Matthews
MT
NY 10401388321
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$42,240.00
$3,520.00/mo

Valuation Metrics

0
DSCR
9.5%
Cap Rate
9.5%
ROI

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Additional Information

Name
Patrick Graham
License
License # 528005, 9005919 (TX)
Brokerage
Matthews
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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