1501 South Commerce St Wills Point, TX 75169
- Retail properties
- 8,625 SF
Current Use by Public Records
- Dollar General / Drug Store / General Store
Property Details for 1501 South Commerce St
- Year built
- 2000
- Property size
- 8,625 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a freestanding Dollar General store located at 1501 W South Commerce St, Wills Point, TX 75169, in Van Zandt County. The 8,625 square foot building, constructed in 2000, sits on a high-traffic site averaging 12,683 vehicles per day. The property boasts a strong financial profile, with a current Net Operating Income (NOI) of $51,480 and a 6.75% cap rate. The current lease, a NNN (Net, Net, Net) agreement with Dollar General, commenced on May 31, 2000, and expires April 30, 2027, with two five-year renewal options. Dollar General, a credit tenant with over 1,700 stores in Texas and 19,000 nationwide, consistently outperforms its nearest competitor in this location, demonstrating significant sales potential. This particular Dollar General ranks second in performance among all Dollar Generals within a 15-mile radius. The asking price for this retail property is $762,666. This is a rare opportunity to acquire a well-performing, established retail asset with a national credit tenant and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wills Point
- County
- Van Zandt
- State
- Texas
- Longitude
- -96.0252
- Latitude
- 32.7081
