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    122 Hl Rd Anderson, TX 77830

    Sponsored
    For Sale
    $3,078,461

    High-Yield NNN Retail Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of two Dollar General convenience stores located in Anderson and Gardendale, Texas. Both properties boast 100% occupancy under absolute NNN leases with a corporate guarantee, eliminating landlord responsibilities. The 15-year primary lease terms commenced October 1, 2020, and expire October 1, 2035, leaving a substantial 10.9 years remaining. Each lease includes three five-year renewal options with a 10% rent increase at each option period. The portfolio generates a strong net operating income (NOI) of $200,100, resulting in an attractive 6.50% cap rate. The properties, built in 2020, are single-story buildings situated on commercially zoned land. The asking price for this exceptional package is $3,078,461. This is a rare opportunity to acquire a stable, high-yielding retail investment in the tax-free state of Texas. The portfolio consists of two separate buildings, each a Dollar General store, offering diversification and reduced risk. This is a turnkey investment ideal for passive income seekers.

    Property Features for 122 Hl Rd

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    2020
    Buildings
    2
    Stories
    1

    HighLights

    • $3,078,461 asking price for a two‑property Dollar General portfolio in Texas.
    • Absolute NNN net lease with zero landlord responsibilities.
    • Corporate guarantee on both 15‑year leases, with 10.9 years remaining.
    • 6.50% cap rate based on a combined NOI of $200,100.
    • 10% rent bumps in each of the three (5‑year) lease options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Anderson
    County
    Grimes
    State
    Texas
    Longitude
    -96.0255738
    Latitude
    30.5269315

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield NNN Retail Investment
    Where is this individual retail property located?
    The property is located at 122 Hl Rd Anderson, TX.
    What is the asking price?
    The asking price for this property is $3,078,461.
    What are key features of this property?
    This property features: $3,078,461 asking price for a two-property Dollar General portfolio in Texas.; Absolute NNN net lease with zero landlord responsibilities.; Corporate guarantee on both 15-year leases, with 10.9 years remaining.
    Request Owner's contact information
    122 Hl Rd Anderson, TX 77830
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    Anderson, TX 77830
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 Hl Rd Anderson, TX 77830
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