Current Use by Public Records
- Retail properties & Spaces
Property Details for 122 Hl Rd
- Year built
- 2020
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
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
- Anderson
- County
- Grimes
- State
- Texas
- Longitude
- -96.0256
- Latitude
- 30.5269
