11455 Toepperwein Rd, Live Oak, TX 78233-3138
- Retail space
- 9,020 SF
- 0.92 lot acres
Current Use by Public Records
- Retail space
Property Details for 11455 Toepperwein Rd
- Year built
- 2004
- Lot size
- 0.92 lot acres
- Property type
- Retail space
- APN
- 05049-400-0010
- APU
- 50494000010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 25, 2016 | — | Twelfth Street Warehouse INC | — | Deed · related | $266k · Texas Cap Bk |
| Oct 5, 2006 | — | Twelfth Street Warehouse INC | Francine Halberg | Venders Lien | $500k · Texas Capital Bank NA |
| — | — | Twelfth Street Warehouse INC | — | Deed Of Trust · related | $357k · Texas Capital Bank NA |
| — | — | Twelfth Street Warehouse INC | — | Loan Modification · related | $266k · Texas Cap Bk |
Description
This exceptional investment opportunity presents a single-tenant, net-leased Dollar General shopping center in Live Oak, Texas. The property, located at 11455 Toepperwein Rd, 78233, boasts 9,014 square feet on a 0.92-acre lot and is 100% occupied by Dollar General, a highly reputable national retailer. Built in 2004, this Class B property benefits from a corporate guarantee lease with Dolgencorp of Texas, Inc., holding a BBB rating from Standard & Poor's and a Baa2 rating from Moody's. The current lease commenced July 1, 2004, and expires June 30, 2029, providing a remaining lease term of approximately 4.6 years. The lease includes 10% rent bumps per option period and one 5-year lease option. The property generates a strong net operating income (NOI) of $84,480, resulting in an attractive 7.50% cap rate. The asking price is $1,126,400. This investment offers a compelling combination of a stable, creditworthy tenant, a desirable location within a robust San Antonio economy, and a significant remaining lease term, making it an ideal addition to any portfolio. The strong financial performance of Dollar General, with 34 consecutive years of revenue growth and over 19,000 stores nationwide, further enhances the investment's appeal. The property's location in Bexar County, Texas, benefits from a diverse economy driven by healthcare, national defense, and tourism sectors.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Live Oak
- County
- Bexar
- State
- Texas
- Longitude
- -98.3395
- Latitude
- 29.541
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
