Single-Tenant Dollar General
1406 W Monte Cristo Rd Edinburg, TX 78541
1406 W Monte Cristo Rd, Edinburg, TX, 78541
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For Sale
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Single-tenant NNN property leased to Dollar General with over five years remaining and a lease extended to 2031.
Property Size9,014 SF
Price / SF$132.46
Days on Market143
Property Features for 1406 W Monte Cristo Rd
General Information
- Standard status
- Active
- Size
- 9,014 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agency
SRS Real Estate Partners Tampa
(954) 703-3602
Listed by
Patrick Nutt · License #BK3120739
Source
Crexi
Added: Mar 2 Updated: Jul 22 at 4:33PM Checked: Jul 22 at 4:33PM
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 SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
This single-tenant NNN property is leased to Dollar General and includes a lease recently extended to 2031. The offering is described as having over five years remaining on the lease and includes three 5-year renewal options with 10% rental increases. According to the provided remarks, the corporate-guaranteed lease contributes to stable long-term income, with Dollar General covering maintenance costs except for roof, structure, and HVAC.
The property is located at 1406 W Monte Cristo Rd, Edinburg, Texas 78541.
The investment highlights provided include a stated net operating income of $83,580 and a stated 7.25% cap rate, as well as Placer.AI data ranking. The remarks also cite a demographic profile within a 5-mile radius, including over 117,000 residents and 31,000 employees.
The property is located at 1406 W Monte Cristo Rd, Edinburg, Texas 78541.
The investment highlights provided include a stated net operating income of $83,580 and a stated 7.25% cap rate, as well as Placer.AI data ranking. The remarks also cite a demographic profile within a 5-mile radius, including over 117,000 residents and 31,000 employees.
Key Highlights
- Single‑tenant NNN property in Edinburg, Texas leased to Dollar General (year built 2005).
- Lease extended to 2031 with over 5 years remaining.
- Corporate‑guaranteed lease includes three 5‑year renewal options with 10% rental increases.
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 | $156.8k | $17.40 |
| − Vacancy | −$13.3k | −$1.48 |
| EGI | $143.5k | $15.92 |
| − OpEx | −$43.1k | −$4.78 |
| NOI | $100.5k | $11.14 |
9,014 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.94M
NOI $116,314 @ 7.0% cap · market cap 9.74%
Second Best
Retail
$1.44M
$1.26M – $1.67M
NOI $100,458 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,723 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Single-tenant NNN property leased to Dollar General with over five years remaining and a lease extended to 2031.
Where is this nnn property located?
The property is located at 1406 W Monte Cristo Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $1,194,000.
What are key features of this property?
This property features: Single‑tenant NNN property in Edinburg, Texas leased to Dollar General (year built 2005).; Lease extended to 2031 with over 5 years remaining.; Corporate‑guaranteed lease includes three 5‑year renewal options with 10% rental increases.
