Listed by Marcus & Millichap - San Diego
$2,144,708
DOLLAR GENERAL | 15 YEAR ABSOLUTE NET w/ RENT INCREASES
Details
APN 341840
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 6.5%
NOI $139,406
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 09/30/2041
Remaining Term 15.2
Rent Bumps Yes
Class A
Year Built 2026
Acreage 2.190
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Primary FM 2311 Arterial Frontage | Dallas–Austin I-35 Corridor
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310722/dollar-general
Investment highlights
- 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2026 High Quality Construction.
- Positioned along FM 2311 (Heritage Parkway), a Primary Rural Arterial Connecting the Surrounding Communities of Eastern McLennan County Directly to I-35, Funneling Consistent Daily Commuter and Pass-Through Traffic past the Subject Property.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s and Annual Revenue Exceeding $42.72 Billion.
- McLennan County has Grown over 16% Since 2010, Reaching an Estimated 273,692 Residents in 2026 and Reflecting Sustained Long-Term Demand for Essential Everyday Retail Services.
- Located along the Dominant I-35 Growth Corridor, Situated Midway Between Dallas–Fort Worth and Austin - Two of the Nation’s Fastest Expanding and Most Economically Active Major Metros.
- No General Merchandise Retail Exists within the Immediate Leroy Trade Area, Positioning the Subject Property as the Primary Everyday Convenience Destination for FM 2311 Corridor Residents Lacking Closer Alternatives.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,406.00
$11,617.17/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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