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Dollar General | 7.1% Cap Rate 5860 FM 616 9,100 SF Retail Building Vanderbilt, TX 77991 $1,250,621 ($137.43/SF) 7.10% Cap Rate
INVESTMENT HIGHLIGHTS
- LOW PRICE POINT ABSOLUTE NNN - 9.8+ Years Remaining. 25 Years Renewal Options. Rent Increases Throughout
- ZERO LANDLORD RESPONSIBILITY. GUARANTEED CORPORATE LEASE - No Management Required. Passive Rental Income
- CLOSE ECONOMIC TIES TO VICTORIA AND PORT LAVACA - Regional Cener For Energy Infrastructure, Petrochemicals, Commercial Fishing, Healthcare, Tourism
- NATIONAL INVESTMENT-GRADE TENANT [NYSE:DG] - #108 Fortune 500 Companies. $37B Revenue. S&P Investment Grade BBB
EXECUTIVE SUMMARY
TOUCHSTONE COMMERCIAL PARTNERS is pleased to present a premier investment opportunity with the offering of a Dollar General Store in Vanderbilt, Texas. Constructed in 2019, this property features a lease guaranteed by Dollar General Corporation, running through November 2034, with five 5-year renewal options and 10% rent increases at each option. The lease is guaranteed by Dollar General Corporation which operates over 20,000 stores and has an impressive S&P investment-grade rating of BBB.
Vanderbilt enjoys strong economic ties to the nearby hubs of Victoria and Port Lavaca. Victoria is a regional center for healthcare, education, manufacturing, and retail, driving a GDP exceeding $3 billion. Port Lavaca, with its significant deep-water ports, thrives on a diverse economy that includes shipping, energy infrastructure, petrochemicals, commercial fishing, and tourism.
Broker of Record Bang Realty-Texas Inc., Lic #9007017
Vanderbilt enjoys strong economic ties to the nearby hubs of Victoria and Port Lavaca. Victoria is a regional center for healthcare, education, manufacturing, and retail, driving a GDP exceeding $3 billion. Port Lavaca, with its significant deep-water ports, thrives on a diverse economy that includes shipping, energy infrastructure, petrochemicals, commercial fishing, and tourism.
Broker of Record Bang Realty-Texas Inc., Lic #9007017
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Year Built
2019
Price
$1,250,621
Price Per SF
$137.43
Cap Rate
7.10%
NOI
$88,794
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.27 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar General
- Retailer
- -
- -
- Nov 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar General | Retailer | - | - | Nov 2034 |
PROPERTY TAXES
| Parcel Number | R23937 | Improvements Assessment | $515,787 |
| Land Assessment | $15,120 | Total Assessment | $530,907 |
PROPERTY TAXES
Parcel Number
R23937
Land Assessment
$15,120
Improvements Assessment
$515,787
Total Assessment
$530,907
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Dollar General | 7.1% Cap Rate | 5860 FM 616
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