122 Hl Rd Anderson, TX 77830
High-Yield NNN Retail Investment
Property Features for 122 Hl Rd
General Information
- Property type
- Individual retail properties
Building Details
- Year Built
- 2020
- Buildings
- 2
- Stories
- 1
Listing Agency: Exclusive Realty Listing Agent: Steve Sagmani
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 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.