New Dollar General
15995 Alameda Fabens, TX
For Sale
Contact for pricing
New Dollar General Market with 15-year absolute NNN lease.
Property Size12,774 SF
Lot Size0.75 Acres
Price / SF$209.77
Days on Market751
Property Features for 15995 Alameda
General Information
- Standard status
- Active
- Size
- 12,774 SF
- Lot size
- 0.75 Acres
- Property subtype
- RETAIL
Listing Agency:
Trinity Real Estate Investment Services - Corporate
(817) 584-2000
Listed By:
Chance Hales · License #697980
(806) 679-9776
Source:
Moodyscre
Added: Jul 4, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:57AM
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 Trinity Real Estate Investment Services - Corporate
Investment Insights
Based on property information with market context.
This property features a Dollar General Market under development in 2024, accompanied by a 15-year absolute NNN lease. The lease includes attractive 5% rental increases every 5 years throughout the primary term and option periods. The property is strategically located along Alameda Ave (FM 793), which generates almost 10,000 vehicles per day in front of the location. The lease is corporately guaranteed by Dollar General, which operates over 20,000 stores nationwide. The surrounding area has a healthy 5-mile demographic for a Dollar Store, with over 9,000 residents. The subject property is less than half a mile from Fabens Airport and is located 28 miles from downtown El Paso, the most populous city in West Texas. The property size is 12,774 square feet.
Key Highlights
- 15‑year absolute NNN lease for a hands‑off investment
- Attractive 5% rental increases every 5 years
- Corporately guaranteed lease by Dollar General, a major national corporation
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 | $183.9k | $14.40 |
| − Vacancy | −$27.4k | −$2.15 |
| EGI | $156.5k | $12.25 |
| − OpEx | −$47.0k | −$3.68 |
| NOI | $109.6k | $8.58 |
12,774 SF · lease $14.40/SF/yr · vacancy 14.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,576 @ 7.0% cap · market cap 4.09%
Second Best
Specialty Retail
$852.6K
$746.0K – $994.7K
NOI $59,680 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,596 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
FAQs
What type of property is this?
Grocery and convenience store - New Dollar General Market with 15-year absolute NNN lease.
Where is this grocery and convenience store located?
The property is located at 15995 Alameda Fabens, TX.
What is the asking price?
The asking price for this property is $2,679,615.
What are key features of this property?
This property features: 15‑year absolute NNN lease for a hands‑off investment; Attractive 5% rental increases every 5 years; Corporately guaranteed lease by Dollar General, a major national corporation
