DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN | 410 E South 1st St
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DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN 410 E South 1st St
9,100 SF 100% Leased Retail Building Roby, TX 79543 $2,983,150 CAD ($328 CAD/SF) 7% Cap Rate
Investment Highlights
- 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- Ranked #108 on the Fortune 500 List. Dollar General (NYSE: DG) Investment Grade Credit Rating “BBB” by S&P’s and Annual Revenue Exceeding $3B.
- Limited Competition - the next nearest Dollar General is more than 20 Miles away.
- Brand New 2024 High Quality Construction.
- Features Easy Access and Excellent Visibility Along one of the City’s Main Roads. Hard Corner Location.
- Walking Distance from Roby High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, & Teachers.
Executive Summary
Dollar General | 15 Year Absolute Net Lease w/ Rent Increases | Brand New 2024 Construction | Limited Competition | Hard Corner Location | Walking Distance from High School | Amazon Resistant Investment Grade Retail Concept
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2024
Price
$2,983,150 CAD
Price Per SF
$328 CAD
Cap Rate
7%
NOI
$208,821 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.24
Land Acres
0.86 AC
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DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN | 410 E South 1st St
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