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New Dollar General Market Store

303 W Water St, Victoria, TX

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For Sale

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New Dollar General Market store with a 15-year absolute NNN lease.

Type:RETAIL

Property size:

10,640 SF

Lot size:

1.81 Acres

Price / SF:

$229/SF

HighLights

15‑year absolute NNN lease requiring no landlord responsibilities.
Strong corporate guaranty by Dollar General Corporation (S&P: BBB).
Strong population of 62,000+ in 5‑mile radius.
Great visibility along SW Moody St (17,400+ VPD).
2025 development Dollar General market store.
Situated around national credit tenants, schools, and apartments.

We can help!

Listing Contact

Cody Crist

For Sale

Contact for pricing

New Dollar General Market store with a 15-year absolute NNN lease.

Type:RETAIL

Property size:

10,640 SF

Lot size:

1.81 Acres

Price / SF:

$229/SF

Added:: May 6, 2025
Days on Market:: 406
Last Refresh:: May 20 at 9:56 pm

Property Features for 303 W Water St

General Information

Standard status: Active
Size: 10,640 SF
Lot size: 1.81 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Cody Crist

Listing agent Chance Hales License #TX 697980

Listing office Trinity Real Estate Investment Services - Corporate

Listing date May 6, 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 Trinity Real Estate Investment Services - Corporate

HighLights

15‑year absolute NNN lease requiring no landlord responsibilities.
Strong corporate guaranty by Dollar General Corporation (S&P: BBB).
Strong population of 62,000+ in 5‑mile radius.
Great visibility along SW Moody St (17,400+ VPD).
2025 development Dollar General market store.
Situated around national credit tenants, schools, and apartments.

Overview

This property is a Dollar General Market store scheduled for development in 2025. It features a 15-year absolute NNN lease, requiring no landlord responsibilities. The location benefits from a strong population of over 62,000 residents within a 5-mile radius. Situated along SW Moody St, the property benefits from high visibility, with traffic counts exceeding 17,400 vehicles per day. Its location is near several national credit tenants, schools, and apartments, which should generate additional customer traffic. The lease is backed by a corporate guaranty from Dollar General Corporation, which holds an S&P credit rating of BBB and operates more than 20,000 locations. The property size is 10,640 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$265.6k	$24.96
− Vacancy	−$13.3k	−$1.25
EGI	$252.3k	$23.71
− OpEx	−$63.1k	−$5.93
NOI	$189.2k	$17.78

10,640 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.70M

$2.37M – $3.15M (±1% cap)

NOI $189,222 @ 7.0% cap · market cap 7.74%

Second Best

Retail

$2.20M

$1.92M – $2.56M (±1% cap)

NOI $153,745 @ 7.0% cap · market cap 6.29%

Theoretical Best

Multifamily LT 5

$116.89M

$102.28M – $136.37M (±1% cap)

NOI $8,182,407 @ 7.0% cap · market cap 334.52%

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

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Victoria
County: Victoria
State: Texas
Longitude: -97.0063
Latitude: 28.792

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What type of property is this?

Grocery and convenience store - New Dollar General Market store with a 15-year absolute NNN lease.

Where is this grocery and convenience store located?

The property is located at 303 W Water St Victoria, TX.

What is the asking price?

The asking price for this property is $2,446,010.

What are key features of this property?

This property features: 15‑year absolute NNN lease requiring no landlord responsibilities.; Strong corporate guaranty by Dollar General Corporation (S&P: BBB).; Strong population of 62,000+ in 5‑mile radius.

303 W Water St, Victoria, TX

New Dollar General Market store with a 15-year absolute NNN lease.

Property Features for 303 W Water St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Victoria Industrial Property with Cranes

Turn-Key Industrial Warehouse

Multi-Tenant Strip Center

Versatile Commercial Property in Victoria

Equipped Automotive Facility on Navarro

Industrial Property with Office and Yard

Victoria Commercial Property with Acreage

Multi-Space Corner Commercial Building

Versatile Commercial Property in Victoria

Flex Space with Cut-Through Access

Versatile Commercial Property on Corner Lot

Corner Retail/Service Building with Grease Trap

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