Listed by Trinity Real Estate Investment Services
$1,561,065
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Cap Rate 6.75%
NOI $105,372
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options Three (3), 5-Year, 10%
Price per SqFt $173
Year Built 2011
Acreage 1.000
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/17/2011
Ground Lease No
Retail | 6.75% CAP | 9,026 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Livingston, TX. This property features an absolute NNN lease with zero landlord responsibilities, 10% rent increases during the option periods, and a recently exercised first 5‑year option that demonstrates strong tenant performance.
Property Website: https://trinityreis.com/listing/380-farm-road-2457/
Investment highlights
- Dollar General Recently Exercised 1st 5 Year Option Indicating Strong Performance
- Absolute NNN Lease – Zero Landlord Responsibilities
- 10% Rent Increases in the Option Periods
- Highly Visible Frontage on FM 2457 With 6,000+ Vehicles Passing Daily
- Healthy 5-Mile Demographics for a Dollar Store With 16,000+ Residents and Positive Growth Rate Over the Past 10 Years
- Limited Retail Competition - Primary Source of Retail Goods in the Area
- 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
$105,372.00
$8,781.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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