Listed by Trinity Real Estate Investment Services
$701,250
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 8.00%
NOI $56,100
Tenancy Single
Lease Type NN
Lease Term 25
Lease Expiration 09/30/2028
Remaining Term 2.2
Rent Bumps Yes
Lease Options One (1), 5-Year; 10%
Price per SqFt $77
Year Built 2003
Acreage 0.810
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/01/2003
Ground Lease No
Ownership Fee Simple
Retail | 8.00% CAP | 9,100 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Raymondville, TX. It is a low price point Texas Dollar General with tenant exercised several renewals while paying increase in rent.
Property Website: https://trinityreis.com/listing/557-e-hidalgo-ave/
Investment highlights
- Low Price Point Texas Dollar General
- 9,000 SF Store Located on Main Thoroughfare in Raymondville, TX (11,000+ VPD)
- Dollar General Paying Just $6.23/PSF in Rent
- Tenant Has Exercised Several Renewals While Paying Increase in Rent
- 1 (5) Year Option Remaining at Location With 10% Increase - Current Term Ends 9/30/2028
- Raymondville Has a Population Over 10,000 and is Situated Along I-69 in South Texas
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,100.00
$4,675.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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