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    2310 Priddy Rd Goldthwaite, TX 76844

    For Sale
    $846,000

    Texas Retail Property: 7% Cap Rate

    Property size:
    9,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General store in Goldthwaite, Texas. The 9,100 square foot building, constructed in 2005 and renovated the same year, sits on a 147,668 square foot lot and boasts 40 parking spaces. Currently operating under a Modified Net-Net-Net (NNN) lease with a corporate guarantee, the lease commenced April 5, 2005, and expires July 31, 2028, with three 5-year renewal options including 5-10% rent bumps per option. The current rent is significantly below market rate, offering substantial upside potential. The property features a brand-new roof with a 20-year warranty, minimizing future maintenance expenses. The 7.00% cap rate (7.33% pro-forma) and $59,220 NOI ($62,040 pro-forma) demonstrate strong financial performance. The property benefits from its location as the only convenience-focused Dollar General within a 20-mile radius, ensuring consistent customer traffic. Goldthwaite's economy is driven by agriculture, small businesses, and tourism, providing a stable market for the property. This is a low-maintenance investment with a strong tenant and significant upside potential, making it an attractive option for investors seeking a stable, long-term return. The property is zoned commercial and has a current occupancy of 100%. The asking price is $846,000 ($92.97/sq ft), with a land value of $6/sq ft. The property's location is 2310 Priddy Rd, Goldthwaite, TX 76844.

    Property Features for 2310 Priddy Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,100 SF

    Building Details

    Year Built/Renovated
    2005/2005
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Single‑tenant, modified NNN Dollar General lease with 3.5+ years remaining and minimal landlord responsibilities; new roof with 20‑year warranty.
    • Fee simple ownership with three 5‑year options and rental increases at each option.
    • Significantly below‑market rent of $0.54/SF/month.
    • Dollar General boasts a 20‑year operational history at this location.
    • Investment‑grade tenant (S&P BBB rating); Fortune 500 company with over 20,000 stores nationwide.
    • Limited competition; only Dollar General convenience store within a 20‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goldthwaite
    County
    Mills
    State
    Texas
    Longitude
    -98.5678052
    Latitude
    31.4663903

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    FAQs

    What type of property is this?
    Individual retail property - Texas Retail Property: 7% Cap Rate
    Where is this individual retail property located?
    The property is located at 2310 Priddy Rd Goldthwaite, TX.
    What is the asking price?
    The asking price for this property is $846,000.
    What are key features of this property?
    This property features: Single-tenant, modified NNN Dollar General lease with 3.5+ years remaining and minimal landlord responsibilities; new roof with 20-year warranty.; Fee simple ownership with three 5-year options and rental increases at each option.; Significantly below-market rent of $0.54/SF/month.
    Request Owner's contact information
    2310 Priddy Rd Goldthwaite, TX 76844
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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
    2310 Priddy Rd Goldthwaite, TX 76844
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