501 Tx-97 Jourdanton, TX 78026
This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 8,125 square foot Dollar General store in Jourdanton, Texas. Located on 1.05 acres at 501 TX-97, this property boasts a strong 8% cap rate and a substantial net operating income (NOI) of $42,000. The property features a long-term, Net Net lease with a credit-rated corporate guarantor, extending until September 30, 2028, with approximately 3.9 years remaining. The lease includes a 10% rent increase at the start of the next renewal option. Built in 2003, this one-story building benefits from high visibility and accessibility along a primary commercial corridor, State Highway 97, experiencing over 12,200 vehicles daily at a nearby intersection. Dollar General's strategic location serves as a primary shopping destination in Jourdanton, capitalizing on its position near the city's downtown area and its status as a dominant retailer in this underserved market. The property's minimal landlord responsibilities, coupled with Dollar General's strong financial performance and recession-resistant business model, make this a compelling investment opportunity. The landlord is responsible for roof and structure, and HVAC repairs exceeding $1,000. Dollar General reimburses 100% of real estate taxes, insurance, and common area maintenance. This investment offers a stable income stream with significant upside potential.
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.