This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General "Plus" store located at 1100 S McCoy Blvd, New Boston, TX 75570. The property sits on a 3.07-acre lot and features a 15-year absolute NNN lease commencing February 15, 2025, and expiring February 29, 2040. The lease includes a 5% rent increase every five years, with 5-5 year renewal options at similar terms. The current annual net operating income (NOI) is $132,432, representing a 6.85% cap rate on the $1,933,300 asking price. This larger-format Dollar General store offers expanded offerings including fresh produce, dairy, meat, and bakery items, catering to the needs of the local community. Situated in Bowie County, part of the Texarkana metropolitan statistical area, the store benefits from a population of approximately 92,800 people. New Boston, with a population of 4,400, hosts events like the Pioneer Days Festival and Rodeo, drawing residents and tourists to the T&P Trailhead Park. Dollar General, an S&P BBB+ rated company publicly traded on the New York Stock Exchange (symbol DG), boasts a market capitalization exceeding $17 billion, providing significant financial stability and creditworthiness to this investment. The property offers a secure, passive income stream with built-in rent growth, making it an attractive addition to any portfolio. 100% occupancy ensures immediate cash flow. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a strong national tenant in a growing market.
Highlights
$1,933,300 asking price for a 10,640 square foot Dollar General storefront on a 3.07-acre lot in New Boston, TX.
Absolute NNN net lease with a 15-year term commencing February 15, 2025, and expiring February 29, 2040.
6.85% cap rate with a $132,432 annual NOI.
100% occupancy with 5% rent bumps every 5 years and 5-5 year lease options.
The tenant is Dollar General, an S&P BBB+ rated company with a market capitalization exceeding $17 billion.
Property Details
for 1100 Mccoy Blvd
Property type
Other retail properties, Individual retail properties
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Contacts
Gavin M Kam
Brad Kam
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1100 Mccoy Blvd, New Boston, Texas, 75570
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1100 Mccoy Blvd
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