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30088744
30088745

3353 Clark Boulevard, Laredo, TX 78043 For Sale

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
$1,133,000
136 days on market
Updated 40 days ago

Dollar General - Laredo TX

Details
APN 908-10001-040
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 8,125
Cap Rate 7.25%
NOI $82,139
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Term 24
Lease Expiration 02/28/2029
Remaining Term 2.6
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $139
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 0.740
Zoning B-3 : General Business District
Parking Spaces 33 spaces
Parking per 1,000 SqFt 4.06
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 03/01/2005
Ground Lease No
Ownership Fee Simple

Retail | 7.25% CAP | 8,125 SqFt

Investment highlights

20-Year Operating History | Corporate Guaranteed | Top-Performing Store | Below Market Rent

• Dollar General has operated at this location for 20 years and has 3 (5-Year) options to extend

• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,580 locations as of May 2025

• This location ranks in the top 94th percentile nationally and the 91st percentile within Texas among comparable Dollar General stores, according to Placer.ai

• The in-place rent of $10 PSF is significantly below the estimated market rent of $23 PSF NN Lease

• Tenant is responsible for taxes, insurance, and repairs under $1,000

• Landlord is responsible for the parking lot, HVAC units, roof, structure, and major repairs exceeding $1,000

• Dollar General provides additional monthly CAM contributions (contact agent for details) Local Demographics In 10-mile Trade Area | Growing Population

• More than 105,000 residents and 86,000 employees support the trade area • $80,496 average household income • The City of Laredo’s population has grown from approximately 255,205 in 2020 to an estimated 264,142 in 2026, reflecting roughly 3.4% growth and demonstrating continued market expansion Hard Corner Intersection | State Highway 20 | Surrounding Retailers | Excellent Visibility & Access • Dollar General is strategically positioned at the hard-corner intersection of Clark Blvd (21,400 VPD) and Townsend Ave • Located just off State Highway 20 (56,000 VPD), providing direct on/off ramp access for travelers • The immediate trade area is supported by surrounding retailers such as Target, Walmart Supercenter, H-E-B, Chick-Fil-A, Dollar Tree and more • The asset has excellent visibility via street frontage providing ease and convenience for customers

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
$82,139.00
$6,844.92/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Property History

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