1198 Tx-304 Bastrop, TX 78602
- Retail properties
- 9,100 SF
- 2.86 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1198 Tx-304
- Year built
- 2018
- Lot size
- 2.86 lot acres
- Property size
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity features a 9,100-square-foot Dollar General store in Bastrop, Texas, situated on a 2.86-acre lot. Built in 2018, this Class A, single-story building boasts a 100% occupancy rate under a 15-year absolute NNN lease (expiring March 31, 2033), with three 5-year renewal options. The lease includes rent bumps in option periods and a corporate guarantee from Dollar General, a national retailer with over 19,000 stores. The property offers a compelling 6.75% cap rate and a strong NOI of $99,896, with a price per square foot of $162.63. Located at 1198 TX-304, Bastrop, TX 78602, this property benefits from its location within the rapidly growing Austin MSA, a region experiencing significant economic expansion fueled by diverse sectors. Bastrop itself shows impressive growth, with a 5.37% annual population increase and a high average household income of $93,426. This fee-simple ownership offers a passive, long-term investment with minimal landlord responsibilities, making it an attractive option for both local and national investors seeking a secure and profitable retail asset. The property's strong tenant, favorable lease terms, and prime location combine to create a compelling investment opportunity with significant potential for long-term returns.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bastrop
- County
- Bastrop
- State
- Texas
- Longitude
- -97.3297
- Latitude
- 30.0435
