About This Restaurant
Investment Highlights
LONG SUCCESSFUL HISTORY AT LOCATION - Dollar General Relocated To This Building In 2011 LESS THAN 2 HOURS DRIVING TO DALLAS-FORT WORTH, TX - Texas Has A Staggering $2.4 Trillion Economy, 8th Largest In The World NATIONAL INVESTMENT-GRADE TENANT [NYSE:DG] $37B 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 and successful history at this location since 1994 and relocated to this building in 2011. The lease runs through July 2026 with three 5-year renewal options and a 10% rent increase for each renewal option. The lease is guaranteed by Dollar General Corporation which operates over 20,000 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 delivering goods and services throughout the region. The city also benefits from being in Texas, which is recognized for its ?Best Business Climate? and a staggering $2.4 trillion economy, ranking it as the 8th largest in the world. This Dollar General store is poised to continue capturing a significant wallet share of New Boston residents and passerby traffic on everyday necessities for years to come.Broker of Record, Bang Realty-Texas Inc, License #9007017
Property Details
- Sale Type Investment NNN
- Sale Conditions 1031 Exchange 1031 Exchange Build to Suit 1031 Exchange
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Drugstore General Retail Fast Food General Retail Supermarket Freestanding
- Building Size 9,026
- Building Class B
- Year Built 2011
- Price 923,347
- Price Per SF 102
- Cap Rate 9
- NOI 83,101
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.20
- Land Acres 1.03 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Taxes
Parcel Number | 04220018000 | Improvements Assessment | $21,720 |
Land Assessment | $205,699 | Total Assessment | $227,419 |
Date Created: | 2024-07-16 04:23:39 | Last Updated: | 2024-07-16 04:23:39 |
Address: | 307 W US Highway 82 , New Boston, Texas, 75570 |