Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New Dollar General NNN Lease Title is generated by Realmo AI

    1951 S State Hwy 78, Wylie, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    New construction Dollar General with a 15-year absolute NNN lease.

    Type:RETAIL
    Property size:
    11,267 SF
    Lot size:
    0.77 Acres
    Price / SF:
    $222/SF
    Added:
    May 7, 2025
    Days on Market:
    400
    Last Refresh:
    May 19 at 9:11 pm

    Property Features for 1951 S State Hwy 78

    General Information

    Standard status
    Active
    Size
    11,267 SF
    Lot size
    0.77 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Bob Moorhead
    Bob Moorhead

    Listing agent Edward "Ed" Benton

    Listing office Secure Net Lease - Dallas

    Listing date May 7, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease - Dallas

    HighLights

    • 15‑year absolute NNN lease with option to renew, featuring rental increases.
    • Dollar General (NYSE: DG) lease, corporately backed with investment grade credit (S&P: BBB).
    • Located on North State Highway 78 (29,100+ VPD).
    • 2023 construction.
    • 11,267+\/- SF building on 1.033+\/- acre site.
    • Across the street from Walmart & near several other tenants.

    Overview

    This property features new construction completed in 2023, consisting of approximately 11,267 square feet of buildings situated on a 1.033-acre site. It is subject to a 15-year absolute NNN lease with Dollar General, which is corporately backed and has an investment-grade credit rating of BBB by S&P. The lease includes three 5-year options to renew, with 10% rental increases during each option period. The property is located on North State Highway 78, a major north-south corridor with a traffic volume of over 29,100 vehicles per day, playing an important role in regional connectivity. It is situated across the street from Walmart and near other tenants such as Tom Thumb, Tractor Supply, Home Depot, and McDonald’s.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $271.8k $24.12
    − Vacancy −$12.8k −$1.13
    EGI $259.0k $22.99
    − OpEx −$77.7k −$6.90
    NOI $181.3k $16.09
    11,267 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.59M
    $2.27M – $3.02M (±1% cap)
    NOI $181,291 @ 7.0% cap · market cap 7.22%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Industrial
    $11.20M
    $9.80M – $13.06M (±1% cap)
    NOI $783,691 @ 7.0% cap · market cap 31.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.5143
    Latitude
    33.0216

    Nearby Similar for Sale

    • $1,790,000
      6,357 SF

      Freestanding Flex and Warehouse Building

      Two-unit flex/warehouse property offers office space, workshop-style warehouse area, and ample on-site parking.
      211 Regency Drive, Wylie, TX 75098
      View Details
    • $1,600,000
      7,742 SF

      Four-Townhome Rental Portfolio

      A four-unit townhome portfolio built 2021–2023 with three in-place leases and one unit available to show immediately.
      820 Eaglescliffe Landing, Wylie, TX 75098
      View Details
    • $889,000

      Land with Horse Barn and Homes

      1.847-acre property in Wylie with two existing homes, horse stable and barn, plus concrete parking and side access for development options.
      308 Alanis Drive, Wylie, TX 75098
      View Details
    • $400,000

      Professionally Managed Duplex Investment

      Two side-by-side units offer private yards, individual metering, and recent major system updates for income-focused ownership.
      405/407 S 4th Street, Wylie, TX 75098
      View Details
    • $1,790,000
      6,357 SF

      Wylie Freestanding Flex Building

      Freestanding flex building in Wylie with warehouse and office space.
      211 Regency Drive, Wylie, TX 75098
      View Details
    • $3,894,000
      3,000 SF

      Drive-Thru Bank Ground Lease

      Brand-new drive-thru bank ground lease with Highway 78 frontage, full access points, and long-term corporate tenancy.
      409 S STATE HWY 78, WYLIE, TX 75098
      View Details
    • $580,000
      3,200 SF

      Wylie Automotive Shop For Sale

      Six-bay automotive shop with lifts and roll-up doors.
      1506 Martinez Lane, Wylie, TX 75098
      View Details
    • $3,084,112
      2,824 SF

      New Construction NNN Ground Lease

      New construction NNN ground lease in fast-growing Wylie, Texas.
      2050 STATE HWY 78, Wylie, TX
      View Details
    • $900,000

      Specialty Commercial Property

      For sale specialty commercial asset with access off County Line Rd and FM 544 in Dallas County.
      2033 Vinson Road, Wylie, TX 75098
      View Details
    • $1,600,000
      6,072 SF

      Modernized Warehouse on 2 Acres

      6,072 SF clear-span warehouse on 2.02 acres in Wylie, TX.
      703 N Highway 78, Wylie, TX
      View Details
    • $1,790,000
      6,984 SF

      Wylie Freestanding Building For Sale

      Freestanding building in Wylie with office and warehouse space.
      211 Regency Drive, Wylie, TX 75098
      View Details
    • $2,643,000
      2,225 SF

      Wylie, TX Starbucks Investment Property

      NN leased Starbucks in Wylie, TX with long-term lease.
      1804 S State Hwy 78, Wylie, TX
      View Details

    FAQs

    What type of property is this?
    Storefront property - New construction Dollar General with a 15-year absolute NNN lease.
    Where is this storefront property located?
    The property is located at 1951 S State Hwy 78 Wylie, TX.
    What is the asking price?
    The asking price for this property is $2,512,000.
    What are key features of this property?
    This property features: 15‑year absolute NNN lease with option to renew, featuring rental increases.; Dollar General (NYSE: DG) lease, corporately backed with investment grade credit (S&P: BBB).; Located on North State Highway 78 (29,100+ VPD).
    (214) 522-7200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bob Moorhead
    Bob Moorhead
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1951 S State Hwy 78, Wylie, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!