Current Use by Public Records
- Specialty properties
Property Details for 0 Tba
- Year built
- 2025
- Lot size
- 1.93 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new Dollar General Market, slated for completion in February 2025. Located in Victoria, TX (zip code 77901), this 10,640 square foot convenience store sits on a 1.93-acre lot. The property boasts a 15.1-year absolute NNN lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. The lease commences February 4th, 2025, and expires February 27th, 2040, offering a substantial remaining lease term of 15.3 years. Rent increases are built in, with a 5% bump every five years. The current asking price is $2,446,010, translating to a price per square foot of $229.89 and a compelling 6.50% cap rate based on a net operating income (NOI) of $158,991. The property benefits from high visibility along SW Moody St, experiencing over 17,400 vehicles per day. Its strategic location near schools and apartments, along with other national credit tenants, contributes to significant customer traffic. This single-unit retail property offers a secure, long-term investment with a strong tenant and favorable lease terms. The property's address will be available upon request.
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
- Victoria
- County
- Victoria
- State
- Texas
- Longitude
- -97.011
- Latitude
- 28.7937
