Listed by Sperry Commercial Global Affiliates Tallahassee
$2,094,000
Dollar General | La Feria, TX
Details
Property Type Retail
Sub Type Storefront
Square Footage 10,566
Cap Rate 6.5%
NOI $136,118
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2038
Remaining Term 12.1
Rent Bumps Yes
Lease Options 5 five-year
Year Built 2023
Acreage 1.100
Investment Type Net Lease
Lease Commencement 08/28/2023
Ground Lease No
Sale Condition 1031 exchange
Dollar General | 15 Yr. NNN | Rental Increases | La Feria, TX
Marketing description
Absolute NNN Dollar General featuring a 15-year corporate lease with zero landlord responsibilities. Investment-grade tenant (BBB-rated) with scheduled rent increases and long-term renewal options. Ideal passive investment for 1031 buyers seeking stable, long-term cash flow. There are 12+ years remaining of primery lease term.
Investment highlights
Absolute NNN Lease Structure – Zero Landlord Responsibilities
Rental Increases in Primary Term
Strong Demographics
Corporate Guarantee from Dollar General (NYSE: DG)
Investment Grade Credit Tenant (BBB Rating)
Recession-Resistant, Necessity-Based Retailer
5 (5-year) options
Listing Contacts
Listed by Sperry Commercial Global Affiliates Tallahassee
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,117.92
$11,343.16/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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