Listed by Trinity Real Estate Investment Services
$2,308,940
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,696
Cap Rate 6.15%
NOI $142,000
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 07/31/2039
Remaining Term 13.2
Rent Bumps Yes
Lease Options Three (3), 5-Year; 5%
Price per SqFt $216
Year Built 2024
Acreage 1.870
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/09/2024
Ground Lease No
Retail | 6.15% CAP | 10,696 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Killeen, TX. This property is a 2024 development store with over 13 years remaining on the primary term, featuring an absolute NNN lease with zero landlord responsibilities and a 10,696 SF prototype designed to accommodate a larger volume of customers.
Property Website: https://trinityreis.com/listing/7201-e-trimmier-rd/
Investment highlights
- 2024 Development Dollar General in Killeen, TX With 13+ Years Remaining on Primary Term
- Absolute NNN Lease With Zero Landlord Responsibilities
- 10,696 Square Foot Prototype That Accommodates a Larger Volume of Customers
- Situated on East Trimmier Rd, a Growing Corridor in Killeen With Strong Traffic and Visibility
- Large 1.885-Acre Property With Ample Parking and Site Accessibility
- Proximity to Fort Hood, one of the Largest U.S. Military Bases, Ensures Steady Consumer Demand
- 122,000+ 5-Mile Population With a Plethora of Upscale Apartments and Residential Neighborhoods in the Surrounding Area
- Affluent and Growing Area With $112,000+ Avg. HH Income Within 1 Mile and 39% Population Growth Since 2010
- 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
$142,000.00
$11,833.33/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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