Dollar General // Relocation Store 307 W US Highway 82

307 W US Highway 82 , New Boston, Texas, 75570 | 9,026 sq.f | $ 923,347

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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