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    914 Austin St Robert Lee, TX 76945

    For Sale
    $2,374,141

    High-yield NNN retail investment. Strong tenant, long lease.

    Property size:
    10,566 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a brand-new, free-standing Dollar General store in Robert Lee, Texas. The property boasts a 10,566 square foot building on a 0.95-acre lot, constructed in 2024. The property features 35 parking spaces and is situated at 914 Austin St, conveniently located between 9th and 10th Streets at the intersection of Highways 158 and 208. The single-tenant, Class A retail space is leased under an absolute NNN lease structure with a credit-rated, corporate-guaranteed tenant. The lease commenced August 27, 2024, and has a remaining term of 15.1 years, extending to August 31, 2039. The lease includes five, five-year renewal options with a 5% rent increase every five years. The current asking price is $2,374,141, representing a price per square foot of $224.70 and a 6.50% cap rate. The property generates a net operating income (NOI) of $154,319 annually. The location benefits from proximity to recreational areas such as Mountain Creek Golf Club and E.V. Spence Reservoir. Robert Lee serves as the county seat of Coke County, offering a strategic position approximately 31 miles north of San Angelo and 67 miles southwest of Abilene. This is a compelling investment opportunity with a strong tenant, long-term lease, and attractive financial metrics. 100% occupancy is guaranteed from the lease commencement date.

    Property Features for 914 Austin St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,566 SF
    Class
    A
    Lot Size
    41,382 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • Brand‑new, 10,566 SF Dollar General store on a 0.95‑acre lot in Robert Lee, TX.
    • Absolute NNN lease with a credit‑rated corporate guarantor (Dollar General).
    • 15‑year lease term with five, five‑year renewal options; 5% rent increases every five years.
    • $2,374,141 asking price; $224.70/SF; 6.50% cap rate; $154,319 annual NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Robert Lee
    County
    Coke
    State
    Texas
    Longitude
    -100.4841707
    Latitude
    31.8953392

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      NNN Investment Opportunity For Sale

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield NNN retail investment. Strong tenant, long lease.
    Where is this lifestyle center located?
    The property is located at 914 Austin St Robert Lee, TX.
    What is the asking price?
    The asking price for this property is $2,374,141.
    What are key features of this property?
    This property features: Brand-new, 10,566 SF Dollar General store on a 0.95-acre lot in Robert Lee, TX.; Absolute NNN lease with a credit-rated corporate guarantor (Dollar General).; 15-year lease term with five, five-year renewal options; 5% rent increases every five years.
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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
    914 Austin St Robert Lee, TX 76945
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