Listed by Trinity Real Estate Investment Services
$1,508,845
Relocation Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,566
Cap Rate 6.25%
NOI $94,303
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2037
Remaining Term 10.7
Rent Bumps Yes
Lease Options Five (5), 5-Year; 10%
Price per SqFt $143
Year Built 2021
Acreage 1.160
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/17/2022
Ground Lease No
Retail | 6.25% CAP | 10,566 Sqft
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Victoria, TX. This property is a 2021 Relocation Store with over 10 years remaining on the primary term, secured by an Absolute NNN Lease with zero landlord responsibilities and offering 10% rent increases during the option periods.
Property Website: https://trinityreis.com/listing/2900-sam-houston-dr/
Investment highlights
- 2021 Relocation Dollar General in Victoria, TX With 10+ Years Remaining on Primary Term
- Absolute NNN Lease – Zero Landlord Responsibilities
- 10% Rent Increases in the Option Periods
- 10,566 Square Foot Prototype That Accommodates a Larger Volume of Customers
- Corner Lot Along Sam Houston Dr With 28,000 Vehicles Passing in Front of Subject Property
- 67,000+ 5 Mile Population – Surrounded by Upscale Residential Properties With Strong Built-In Customer Base
- Property Surrounded by National Credit Tenants Along Strong Retail Corridor
- Strong Corporate Guaranty by Dollar General Corporation, With an S&P Credit Rating of BBB and Operates 20,000+ Locations
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$94,303.00
$7,858.58/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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