2310 Priddy Rd Goldthwaite, TX 76844
- Commercial real estate
- 9,100 SF
- 3.39 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2310 Priddy Rd
- Year built
- 2005
- Lot size
- 3.39 lot acres
- Property size
- 9,100 SF
- Property type
- Commercial real estate
- APN
- R000006505
- APU
- R000006505
Description
This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General store in Goldthwaite, Texas. The 9,100 square foot building, constructed in 2005 and renovated the same year, sits on a 147,668 square foot lot and boasts 40 parking spaces. Currently operating under a Modified Net-Net-Net (NNN) lease with a corporate guarantee, the lease commenced April 5, 2005, and expires July 31, 2028, with three 5-year renewal options including 5-10% rent bumps per option. The current rent is significantly below market rate, offering substantial upside potential. The property features a brand-new roof with a 20-year warranty, minimizing future maintenance expenses. The 7.00% cap rate (7.33% pro-forma) and $59,220 NOI ($62,040 pro-forma) demonstrate strong financial performance. The property benefits from its location as the only convenience-focused Dollar General within a 20-mile radius, ensuring consistent customer traffic. Goldthwaite's economy is driven by agriculture, small businesses, and tourism, providing a stable market for the property. This is a low-maintenance investment with a strong tenant and significant upside potential, making it an attractive option for investors seeking a stable, long-term return. The property is zoned commercial and has a current occupancy of 100%. The asking price is $846,000 ($92.97/sq ft), with a land value of $6/sq ft. The property's location is 2310 Priddy Rd, Goldthwaite, TX 76844.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Goldthwaite
- County
- Mills
- State
- Texas
- Longitude
- -98.5685
- Latitude
- 31.4662
