1100 Mccoy Blvd New Boston, TX 75570

Property Details for 1100 Mccoy Blvd

Lot size

5.00 lot acres

Property type

Commercial real estate

APN

50567

APU

50567

Description

This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General "Plus" store located at 1100 S McCoy Blvd, New Boston, TX 75570. The property sits on a 3.07-acre lot and features a 15-year absolute NNN lease commencing February 15, 2025, and expiring February 29, 2040. The lease includes a 5% rent increase every five years, with 5-5 year renewal options at similar terms. The current annual net operating income (NOI) is $132,432, representing a 6.85% cap rate on the $1,933,300 asking price. This larger-format Dollar General store offers expanded offerings including fresh produce, dairy, meat, and bakery items, catering to the needs of the local community. Situated in Bowie County, part of the Texarkana metropolitan statistical area, the store benefits from a population of approximately 92,800 people. New Boston, with a population of 4,400, hosts events like the Pioneer Days Festival and Rodeo, drawing residents and tourists to the T&P Trailhead Park. Dollar General, an S&P BBB+ rated company publicly traded on the New York Stock Exchange (symbol DG), boasts a market capitalization exceeding $17 billion, providing significant financial stability and creditworthiness to this investment. The property offers a secure, passive income stream with built-in rent growth, making it an attractive addition to any portfolio. 100% occupancy ensures immediate cash flow. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a strong national tenant in a growing market.