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31765565
32267874

Bandera Creek Road, Bandera, TX 78003

GK
TX TX 596860, TN TN 371461
NNN Retail Advisors
BK
TX 454660
NNN Retail Advisors
Listed by NNN Retail Advisors
$1,549,200
48 days on market
Updated 4 days ago

Dollar General 12 Yrs NNN Near Austin, Texas

Details
Property Type Retail
Sub Type Convenience Store, Shopping Center (+1)
Square Footage 10,640
Net Rentable (SqFt) 10,640
Cap Rate 6.5%
NOI $100,703
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/31/2038
Remaining Term 11.8
Rent Bumps Yes
Lease Options 3/5 Year Options, 10% Increases
Price per SqFt $146
Year Built 2023
Acreage 4.240
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/17/2023
Ground Lease No

Low Priced- Built in 2023- Rare Hill Country Texas DG Below Market Rent | 10,640 SqFt

Marketing description

Unique opportunity to acquire a 15 year absolute NNN Dollar General in the Texas Hill Country, one of the most supply-constrained, iconic, and desirable regions in the state. Hill Country Dollar Generals like in Bandera, with close proximity to San Antonio and Austin, are exceptionally rare.

Store opened in March of 2023, 12 years remaining on original 15 year absolute NNN lease, 10,640 Dollar General "Plus" Store on over 4 acres of land.

Bandera, Texas is a historic Hill Country community known as the "Cowboy Capital of the World," offering a unique blend of tourism, heritage, and steady local demand. Located in the scenic Texas Hill Country, Bandera attracts visitors year-round with its authentic western culture, including rodeos, dude ranches, live music, and outdoor recreation along the Medina River.

Located 22 miles from Kerrville and 25 miles from Boerne, providing strong connectivity across the core Hill Country corridor, 40 miles northeast of the San Antonio metro area.

Corporate-guaranteed lease by Dollar General (NYSE: DG), 19,000+ locations nationwide, and strong credit rating BBB+, market capitalization of approximately $42 billion.

Investment highlights

  • Unique opportunity to acquire a 15 year absolute NNN Dollar General in the Texas Hill Country, one of the most supply-constrained, iconic, and desirable regions in the state. Hill Country Dollar Generals like in Bandera, with close proximity to San Antonio and Austin, are exceptionally rare
  • Store opened in March of 2023, 12 years remaining on original 15 year absolute NNN lease, 10,640 Dollar General "Plus" Store on over 4 acres of land
  • Bandera, Texas is a historic Hill Country community known as the "Cowboy Capital of the World," offering a unique blend of tourism, heritage, and steady local demand. Located in the scenic Texas Hill Country, Bandera attracts visitors year-round with its authentic western culture, including rodeos, dude ranches, live music, and outdoor recreation along the Medina River
  • Located 22 miles from Kerrville and 25 miles from Boerne, providing strong connectivity across the core Hill Country corridor, 40 miles northeast of the San Antonio metro area.
  • Corporate-guaranteed lease by Dollar General (NYSE: DG), 19,000+ locations nationwide, and strong credit rating BBB+, market capitalization of approximately $42 billion

Listing Contacts

GK
TX TX 596860, TN TN 371461
NNN Retail Advisors
BK
TX 454660
NNN Retail Advisors
Listed by NNN Retail Advisors

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,703.00
$8,391.92/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Gavin M Kam
License
TX 596860
Brokerage Phone
972-375-3437
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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