Single-Tenant Dollar General
For Sale
$867,430
6617 Buffalo Gap Rd, Abilene, TX 79606
Single-tenant Dollar General property on Buffalo Gap Road with reported traffic of over 11,000 VPD.
Property Size9,014 SF
Days on Market147
Property Features for 6617 Buffalo Gap Rd
General Information
Standard status
Active
Size
9,014 SF
Property subtype
Free Standing Building
Additional Details
Traffic Count
11,000 vehicles/day
Building Details
Building Size
9,014 SF
Year Built
2005
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services
Listed By:
Branson Blackburn · License #611825
(325) 864-9775
Source:
Thebrokerlist
Added: Apr 12
Changed: Sep 4
Last Checked: Sep 5 at 3:37AM
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
Investment Insights
Based on property information with market context.
The property is a single-tenant Dollar General retail location offered for sale. It is positioned along Buffalo Gap Road in Abilene, Texas.
Public remarks report frontage along Buffalo Gap Road with over 11,000 VPD. The site is also described as being in the path of expansion for the city of Abilene.
For additional details on the property’s interior configuration and site improvements, please contact the listing agent.
Public remarks report frontage along Buffalo Gap Road with over 11,000 VPD. The site is also described as being in the path of expansion for the city of Abilene.
For additional details on the property’s interior configuration and site improvements, please contact the listing agent.
Key Highlights
- Single‑tenant Dollar General property in Abilene, TX.
- Located along Buffalo Gap Road with reported traffic over 11,000 VPD.
- Property is in the path of expansion for the city of Abilene.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,626
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,532,520
$1.5M
Cap Rate 7%
$1,094,657
$1.1M
Cap Rate 9%
$851,400
$851.4K
Market Conditions
NOI Build-Up for 9,014 SF
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.
Gross rent
$119.0K $13.20/SF
− Vacancy
−$9.5K −$1.06/SF
EGI
$109.5K $12.14/SF
− OpEx
−$32.8K −$3.64/SF
NOI
$76.6K $8.50/SF
Area
Abilene, TX
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,532,520
Cap Rate 7%
$1,094,657
Cap Rate 9%
$851,400
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,050 @ 7.0% cap · market cap 10.38%
Second Best
Retail
$1.09M
$957.8K – $1.28M
NOI $76,626 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,878 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79606, TX
27,818
Population
13,191
Households
2.1
Avg Household Size
36
Median Age
38%
College-Educated
97%
High-School Grad
69.5 sq mi
ZIP Area
400
Density / Sq Mi
$83,201
Median Household Income
$48,062
Median Earnings
$1,165
Median Rent
$248,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant Dollar General property on Buffalo Gap Road with reported traffic of over 11,000 VPD.
Where is this grocery and convenience store located?
The property is located at 6617 Buffalo Gap Rd Abilene, TX.
What is the asking price?
The asking price for this property is $867,430.
What are key features of this property?
This property features: Single‑tenant Dollar General property in Abilene, TX.; Located along Buffalo Gap Road with reported traffic over 11,000 VPD.; Property is in the path of expansion for the city of Abilene.
