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342 S St Augustine Rd Dallas, TX

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For Sale
$1,570,000

7,500 SF retail building with long-term NNN lease.

Property size:
7,500 SF
Lot size:
0.72 Acres

Property Features for 342 S St Augustine Rd

General Information

Size
7,500 SF
Lot size
0.72 Acres

Source: Secure Net Lease - Dallas Agent Russell Smith

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


Overview

Retail Building Near Dallas, TX

Constructed in 2019, this 7,500 square foot building is situated on a 0.71 acre site. The property has over 8 years remaining on a corporate absolute NNN lease, with three 5-year options to renew, and 10% rental increases during the option periods. Located 8 miles southeast of Dallas, Texas, the property is positioned off US 175, which has a traffic count of over 72,200 vehicles per day, on St. Augustine Drive, which has a traffic count of over 6,700 vehicles per day. The surrounding area has strong demographics, with 194,491 residents within a 5-mile radius and an average household income of $79,106. There are six schools within 1 mile, with over 4,000 students. The Dallas-Fort Worth Metroplex is the largest metropolitan area in Texas and the fourth-largest in the United States. The tenant, Dollar General, is a Fortune 500 company and one of the largest discount retailers in the U.S., operating over 20,400 stores across 47 states. Dallas is the 3rd fastest-growing metro in the U.S., with a MSA population of 8.3 million.
Location Intelligence

Current Use by Public Records

Storefront properties

Map

City
Dallas
County
Collin
State
Texas
Longitude
-96.8109852
Latitude
32.8122051

FAQs

What type of property is this?
Storefront property - 7,500 SF retail building with long-term NNN lease.
Where is this storefront property located?
The property is located at 342 S St Augustine Rd Dallas, TX.
What is the asking price?
The asking price for this property is $1,570,000.
What are key features of this property?
This property features: - Corporate Absolute NNN Lease with 8+ Years Remaining and (3) 5-Year Renewal Options, providing passive income.; - Leased to Dollar General, a Fortune 500 Tenant and major U.S. discount retailer with over 20,400 stores.; - Strong Rental Increases: 10% rental increases during option periods.
More about this property
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