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    Newer Dollar General Investment Property Title is generated by Realmo AI

    13065 Gholson Rd, Waco, TX

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    NNN leased Dollar General store near Waco, Texas.

    Type:RETAIL
    Property size:
    9,100 SF
    Lot size:
    1.25 Acres
    Price / SF:
    $159/SF
    Added:
    Sep 16, 2025
    Days on Market:
    269
    Last Refresh:
    May 20 at 8:25 pm

    Property Features for 13065 Gholson Rd

    General Information

    Standard status
    Active
    Size
    9,100 SF
    Lot size
    1.25 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Russell Smith
    Russell Smith

    Listing agent Russell Smith

    Listing office Secure Net Lease - Dallas

    Listing date Sep 16, 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

    • Absolute NNN Lease with 8+ Years Remaining and (3) 5‑Year Options to Renew, including 10% Rental Increases in Option Periods.
    • Located 10 miles Northwest of Downtown Waco, TX, on a Main Thoroughfare with High Traffic Volume (79k+ VPD) Connecting to I‑35.
    • Limited Competition: One of Only Two Grocery Options in the Immediate Area.
    • Dollar General is a Fortune 500 Company and One of the Largest Discount Retailers in the U.S. with Over 20,400 Stores.
    • Waco, TX: High Job Growth Area, Home to Baylor University (20,824+ Students), Population: 148,292.
    • Relatively New Construction: Built in 2019, 9,100+\/- SF Building on 1.24+\/- Acre Site.

    Overview

    Constructed in 2019, this property features a 9,100 square foot building situated on a 1.24 acre site. The property is located 10 miles northwest of Downtown Waco, Texas, along a main thoroughfare that connects to Interstate 35, which sees over 79,000 vehicles per day. The area has limited competition, with this Dollar General being one of only two grocery options in the immediate vicinity. The corporate absolute NNN lease has over 8 years remaining, with three 5-year options to renew, each including 10% rental increases. Waco is home to Baylor University with over 20,000 students and a population of over 148,000. 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. Waco consistently ranks in the top 10 for highest job growth in Texas.

    Local Financial Insights For Specialty 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 $180.2k $19.80
    − Vacancy −$17.1k −$1.88
    EGI $163.1k $17.92
    − OpEx −$40.8k −$4.48
    NOI $122.3k $13.44
    9,100 SF · lease $19.80/SF/yr · vacancy 9.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.75M
    $1.53M – $2.04M (±1% cap)
    NOI $122,297 @ 7.0% cap · market cap 8.44%
    Second Best
    Retail
    $1.51M
    $1.33M – $1.77M (±1% cap)
    NOI $106,041 @ 7.0% cap · market cap 7.32%
    Theoretical Best
    Office A
    $2.40M
    $2.10M – $2.80M (±1% cap)
    NOI $168,059 @ 7.0% cap · market cap 11.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grady's Grub Restaurant FedEx OnSite Postal Service Western Union Bank Dollar General Discount Store

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Food Market Grocery & Convenience Store Discount Store Electronics & Wireless Store Grocery & Convenience Store Arcade & Gaming Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.2166
    Latitude
    31.7016

    FAQs

    What type of property is this?
    Grocery and convenience store - NNN leased Dollar General store near Waco, Texas.
    Where is this grocery and convenience store located?
    The property is located at 13065 Gholson Rd Waco, TX.
    What is the asking price?
    The asking price for this property is $1,449,000.
    What are key features of this property?
    This property features: Absolute NNN Lease with 8+ Years Remaining and (3) 5‑Year Options to Renew, including 10% Rental Increases in Option Periods.; Located 10 miles Northwest of Downtown Waco, TX, on a Main Thoroughfare with High Traffic Volume (79k+ VPD) Connecting to I‑35.; Limited Competition: One of Only Two Grocery Options in the Immediate Area.
    (214) 522-7200 Call to check price and availability
    More about this property
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