Listed by Trinity Real Estate Investment Services
$800,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,014
Cap Rate 9%
NOI $72,000
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 25
Lease Expiration 10/31/2030
Remaining Term 4.3
Price per SqFt $89
Year Built 2005
Acreage 1.130
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/01/2005
Ground Lease No
Retail | 9.0% CAP | 9,014 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Brazoria, TX. This property is a Houston MSA Dollar General under an NN lease in Texas with 4 years remaining on the current term, supported by a recently exercised 3rd option renewal that demonstrates the tenant’s commitment to the location.
Property Website: https://trinityreis.com/listing/1008-s-brooks-st/
Investment highlights
- Houston MSA Dollar General in Brazoria, TX
- NN Lease Texas Dollar General With 4 Years Remaining on Current Term
- Recently Exercised 3rd Option Renewal Showing Commitment to the Location
- $375/Monthly CAM Payment Not Factored into NOI
- Concrete Parking Lot - Limiting LL Maintenance Obligations
- DG Responsible for HVAC Repairs Under $1,000 Per Occurrence
- Great Visibility Along Brooks Street - Almost 10,000 VPD
- Bite Size Dollar General in Strong Texas Market
- Available for Individual Purchase or as Part of a Larger Portfolio - Contact Agent for More Details
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$72,000.00
$6,000.00/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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