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31090532
31090531

1406 W Monte Cristo Rd, Edinburg, TX 78541

PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
JS
SL3452271, FL
SRS Real Estate Partners South Florida
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida
$1,194,000
98 days on market
Updated 84 days ago

Dollar General - Top 2% of all DGs in USA

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,014
Cap Rate 7%
NOI $83,580
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Term 16
Lease Expiration 06/30/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $132
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 0.760
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/01/2015
Ownership Fee Simple

Recent Lease Extension | 9,014 SqFt

Marketing description

Introducing an exceptional investment opportunity at 1406 W Monte Cristo Road, Edinburg, Texas 78541. This single-tenant NN property boasts a top 2% ranking among Dollar Generals based on Placer.AI data with over 5 years remaining on the lease, recently extended to 2031. Featuring a strong net operating income of $83,580, this property offers a competitive 7.25% cap rate, presenting a lucrative option for savvy investors. The corporate-guaranteed lease includes three 5-year renewal options with 10% rental increases, ensuring a secure and escalating revenue stream. With Dollar General shouldering all maintenance costs except for roof, structure, and HVAC, this investment is hassle-free for landlords. Surrounded by a robust demographic profile including over 117,000 residents and 31,000 employees within a 5-mile radius, this property presents a prime opportunity for long-term growth and stability in the thriving Edinburg market.

Investment highlights

  • 10-Year Operating History | 5+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed

  • NN Lease | Fee Simple Ownership | Zero Landlord Responsibilities

  • Fronting W Monte Cristo Rd | Interstate 69C | Surrounding National/Credit Tenants | Excellent Visibility & Access | Nearby Schools

  • Local Demographics in 5-mile Trade Area

Listing Contacts

PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
JS
SL3452271, FL
SRS Real Estate Partners South Florida
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,580.00
$6,965.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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