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Dollar General - Recent Lease Renewal 307 W US Highway 82 9,100 SF Retail Building New Boston, TX 75570 $1,334,472 ($146.65/SF) 6.85% Cap Rate
Investment Highlights
- LONG SUCCESSFUL HISTORY AT LOCATION - Dollar General Relocated To This Building In 2011. Recent Lease Renewal With Rent Increase
- LESS THAN 2 HOURS DRIVING TO DALLAS-FORT WORTH, TX - Texas Has A Staggering $2.5 Trillion Economy, 8th Largest In The World
- NATIONAL INVESTMENT-GRADE TENANT - $40B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease
- LOCATED NEAR BORDERS OF ARKANSAS AND OKLAHOMA - Major Transportation Artery Interstate 30 Serves As Vital Logistics Hub
- TEXAS IS A NO STATE INCOME STATE - Enjoy Tax-Free Passive Rental Income
Executive Summary
TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a solid-performing Dollar General Store located in New Boston, Texas. Dollar General has had a long, successful history at this location since 1994, relocated to this building in 2011, and recently exercised its 1st 5-year renewal option (with rent increase). The lease runs through July 2031, with two remaining 5-year renewal options and a 10% rent increase with each renewal option. The lease is guaranteed by Dollar General Corporation, which operates over 20,500 stores and has an impressive S&P investment-grade rating of BBB.
New Boston, closely connected to nearby Texarkana, serves as a pivotal logistics hub along Interstate 30, driving a diverse economy anchored in manufacturing, healthcare, education, and retail. Residents enjoy easy driving access to the vibrant Dallas-Fort Worth area for a world-class plethora of entertainment options.
Broker of Record, Brian Brockman, Bang Realty-Texas Inc., Lic #701472.
New Boston, closely connected to nearby Texarkana, serves as a pivotal logistics hub along Interstate 30, driving a diverse economy anchored in manufacturing, healthcare, education, and retail. Residents enjoy easy driving access to the vibrant Dallas-Fort Worth area for a world-class plethora of entertainment options.
Broker of Record, Brian Brockman, Bang Realty-Texas Inc., Lic #701472.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2011
Price
$1,334,472
Price Per SF
$146.65
Cap Rate
6.85%
NOI
$91,411
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.03 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 9,100 SF
- -
- Triple Net
- Jul 2031
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 9,100 SF | - | Triple Net | Jul 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 04220018005 | Improvements Assessment | $899,680 |
| Land Assessment | $30,810 | Total Assessment | $930,490 |
Property Taxes
Parcel Number
04220018005
Land Assessment
$30,810
Improvements Assessment
$899,680
Total Assessment
$930,490
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Dollar General - Recent Lease Renewal | 307 W US Highway 82
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