Listed by Trinity Real Estate Investment Services
$867,430
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,014
Cap Rate 7.00%
NOI $60,720
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 26.5
Lease Expiration 12/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Two (2), 5-Year; 10%
Price per SqFt $96
Year Built 2005
Acreage 0.850
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/01/2005
Ground Lease No
Ownership Fee Simple
Retail | 7.00% CAP | 9,014 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Abilene, TX. The subject property is a low price point Dollar General with 5+ years remaining on current term. It is an established tenant since 2005 with proven stability and long-term commitment to the location.
Property Website: https://trinityreis.com/listing/6617-buffalo-gap-rd/
Investment highlights
- Low Price Point Dollar General in Abilene, TX With 5+ Years Remaining on Current Term
- Established Tenant Since 2005 With Proven Stability and Long-Term Commitment to the Location
- 10% Rent Increases in the Option Periods
- Great Visibility Along Buffalo Gap Road Featuring Daily Traffic Counts 13,000+ VPD
- Property is Located Along Buffalo Gap Road in the Path of Expansion for the City of Abilene
- 68,000+ 5 Mile Population – Surrounded by Upscale Residential Properties With Strong Built-In Customer Base
- Affluent 1-Mile Trade Area With $108K+ Avg. Household Income Driving Strong Customer Spending Power
- Backed by Dollar General's Corporate Guarantee, an Investment-Grade Retailer Operating Over 20,000 Locations Nationwide
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,720.00
$5,060.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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