Current Use by Public Records
- Retail properties & Spaces
Property Details for 501 Tx-97
- Year built
- 2003
- Lot size
- 1.05 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
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
- Jourdanton
- County
- Atascosa
- State
- Texas
- Longitude
- -98.549
- Latitude
- 28.918
