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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

501 Tx-97 Jourdanton, TX 78026

8,125 SF 1.05 ac lot Built 2003
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2003
Total area 8,125 SF
Lot 1.05 ac (45,738 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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