Single-Tenant Dollar General
For Sale
Contact for pricing
1406 W Monte Cristo Rd, Edinburg, TX 78541
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$123.63
Days on Market233
Property Features for 1406 W Monte Cristo Rd
General Information
Standard status
Active
Size
9,014 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$83,580
Additional Details
Cap Rate
7.25%
Building Details
Year Built
2005
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Fort Lauderdale
Listed By:
Jaime Salazar · License #SL3452271
(954) 703-3602
Source:
Crexi
Added: Mar 2
Changed: Oct 14
Last Checked: Oct 20 at 8:10PM
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 Fort Lauderdale
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,458
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,009,160
$2.0M
Cap Rate 7%
$1,435,114
$1.4M
Cap Rate 9%
$1,116,200
$1.1M
Market Conditions
NOI Build-Up for 9,014 SF
Gross rent
$156.8K $17.40/SF
− Vacancy
−$13.3K −$1.48/SF
EGI
$143.5K $15.92/SF
− OpEx
−$43.1K −$4.78/SF
NOI
$100.5K $11.14/SF
Area
Edinburg, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,009,160
Cap Rate 7%
$1,435,114
Cap Rate 9%
$1,116,200
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.94M
NOI $116,314 @ 7.0% cap · market cap 10.44%
Second Best
Retail
$1.44M
$1.26M – $1.67M
NOI $100,458 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,723 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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 $1,114,400.
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.
