Dollar General Grocery
New
For Sale
Contact for pricing
6617 Buffalo Gap Rd, Abilene, TX 79606
Corporate-backed retail building on Buffalo Gap Road with established tenancy and option-period rent increases.
Property Size9,014 SF
Price / SF$96.23
Days on Market3
Property Features for 6617 Buffalo Gap Rd
General Information
Standard status
Active
Size
9,014 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services - Corporate
(806) 679-9776
Listed By:
Chance Hales · License #697980
(806) 679-9776
Source:
Moodyscre
Added: Aug 10
Changed: Aug 12
Last Checked: Aug 12 at 4:09AM
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 9,014-square-foot Dollar General retail property is located at 6617 Buffalo Gap Rd in Abilene, Texas. The tenant has occupied the site since 2005, with more than five years remaining on the current term. Option periods provide for 10% rent increases, and the lease is supported by Dollar General’s corporate guarantee.
The property sits along Buffalo Gap Road, which records daily traffic of 13,000+ vehicles. The surrounding five-mile area includes a population of 68,000+ and an average household income exceeding $108,000 within one mile. Dollar General operates more than 20,000 locations nationwide.
The property sits along Buffalo Gap Road, which records daily traffic of 13,000+ vehicles. The surrounding five-mile area includes a population of 68,000+ and an average household income exceeding $108,000 within one mile. Dollar General operates more than 20,000 locations nationwide.
Key Highlights
- 9,014‑square‑foot Dollar General retail property
- More than five years remain on the current lease term
- Tenant occupancy dates to 2005
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
Single-tenant
Tenancy
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corporate-backed retail building on Buffalo Gap Road with established tenancy and option-period rent increases.
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: 9,014‑square‑foot Dollar General retail property; More than five years remain on the current lease term; Tenant occupancy dates to 2005
