Current Use by Public Records
- Lifestyle centers
Property Details
- Year built
- 2023
- Lot size
- 1.50 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a brand-new, single-tenant Dollar General store in Kingsland, Texas. Built in 2023, this Class A, 10,566 square foot property sits on a 1.5-acre lot at 14350 RM 1431, Burnet County, TX 78639. The property boasts a 15.1-year absolute NNN lease, commencing August 3, 2023, and expiring August 31, 2038, with a substantial 13.8 years remaining. The lease includes five, five-year options with a 10% rent increase in each. The tenant, Dollar General, provides a corporate guarantee, ensuring financial stability. The property's current occupancy is 100%, generating a Net Operating Income (NOI) of $148,517, resulting in a compelling 6.60% cap rate. The asking price is $2,250,258, translating to $212.97 per square foot. This strategically located retail asset benefits from its proximity to popular tourist destinations, including Lake Lyndon B. Johnson, enhancing its long-term investment potential. The property's strong tenant, long-term lease, and attractive financial metrics make it an ideal addition to any portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingsland
- County
- Burnet
- State
- Texas
- Longitude
- -98.4226
- Latitude
- 30.6553
