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    6811 Fm 1788 Midland, TX 79707

    For Sale
    $1,652,800

    High-yield Dollar General investment.

    Property size:
    9,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a 9,026-square-foot Dollar General store located at 6811 FM1788, Midland, TX 79707. The property sits on a 1.33-acre lot and boasts a strong 5.50% cap rate, generating a net operating income (NOI) of $90,904. The absolute triple-net (NNN) lease, with a corporate guarantee, features a remaining term of approximately 7.4 years, extending to April 29, 2032, with three, five-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. Built in 2016, this property benefits from its location along FM1788, providing high visibility and accessibility. The Midland location is strategically positioned within a thriving market, with a significant population base and robust economic growth projected in the Permian Basin. The property's proximity to major roadways and a substantial population within a 15-mile radius ensures consistent customer traffic. The average household income within a 5-mile radius exceeds $174,800, indicating strong consumer spending power. This investment offers a compelling combination of a stable, high-performing tenant, a favorable lease structure, and significant growth potential in a dynamic market. The asking price is $1,652,800, translating to a price per square foot of $183.12. This is a tax-free state investment.

    Property Features for 6811 Fm 1788

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,026 SF
    Lot Size
    57,935 SF

    Building Details

    Year Built
    2016

    HighLights

    • Absolute Triple‑Net (NNN) lease in a tax‑free state.
    • Approximately 9 years remaining on the NNN lease with three, five‑year renewal options.
    • 10% rent increases every five years.
    • High‑traffic location on FM1788, near Route 158 (approx. 18,700+ vehicles daily).
    • Strong market with over 20% projected economic and population growth in the next 5 years.
    • Large 1.33‑acre lot with 293,666 residents within a 15‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Kitchen & Bath HVAC Service Hotel & Motel Car Rental Plumbing Service Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.2731676
    Latitude
    32.0345429

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Dollar General investment.
    Where is this individual retail property located?
    The property is located at 6811 Fm 1788 Midland, TX.
    What is the asking price?
    The asking price for this property is $1,652,800.
    What are key features of this property?
    This property features: Absolute Triple-Net (NNN) lease in a tax-free state.; Approximately 9 years remaining on the NNN lease with three, five-year renewal options.; 10% rent increases every five years.
    Request Owner's contact information
    6811 Fm 1788 Midland, TX 79707
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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
    6811 Fm 1788 Midland, TX 79707
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