Cap Rate
7.15%
Year Built
2020
Leasable Area
9,026 SF
Term Remaining
±10.20 YRS
Property Type
Retail
LEAD LISTING AGENT
Email
[email protected]
License No.
10401386411 (NY)
Direct
+1 (646) 216-8570
Mobile
+1 (732) 832-5414
INVESTMENT HIGHLIGHTS
- List price of $1,296,839 yielding a 7.15% cap rate
- Over 10.20 years remaining on the primary term including Four, 5-Year options with 10% rental increases at the start of each option period
- 2020 built-to-suit construction for Dollar General
- The property is 1.33 acres including a concrete parking lot with 28 spaces.
- Absolute NNN lease with no management responsibilities, making this a perfect investment for passive investors
- Corporate guaranty from Dollar General Corporation, a fortune 500, investment grade (S&P: BBB) tenant. Dollar General has over 21,000 locations nationwide and is one of the nation’s leading retailers
- West Orange, TX is located just 20 miles east of Beaumont, TX & is part of the Beaumont–Port Arthur Metropolitan Statistical Area.
- The property is located on one of the main corners in town with limited competing dollar stores in the area.
- There are over 54,000 residents living within a 10-mile radius with an average household income exceeding $100,000.
Edward DeSimone in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225