122 Hl Rd Anderson, TX 77830
This exceptional investment opportunity presents a portfolio of two Dollar General convenience stores located in Anderson and Gardendale, Texas. Both properties boast 100% occupancy under absolute NNN leases with a corporate guarantee, eliminating landlord responsibilities. The 15-year primary lease terms commenced October 1, 2020, and expire October 1, 2035, leaving a substantial 10.9 years remaining. Each lease includes three five-year renewal options with a 10% rent increase at each option period. The portfolio generates a strong net operating income (NOI) of $200,100, resulting in an attractive 6.50% cap rate. The properties, built in 2020, are single-story buildings situated on commercially zoned land. The asking price for this exceptional package is $3,078,461. This is a rare opportunity to acquire a stable, high-yielding retail investment in the tax-free state of Texas. The portfolio consists of two separate buildings, each a Dollar General store, offering diversification and reduced risk. This is a turnkey investment ideal for passive income seekers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.