1501 Pioneer Rd Mesquite, TX 75149-6032

This exceptional investment opportunity presents a fee-simple, 54,252 square-foot Albertsons grocery store located at 1501 Pioneer Rd, Mesquite, TX 75149, within the Dallas County. The property boasts a corporate-guaranteed lease with Albertsons Companies, Inc., offering an absolute triple-net (NNN) structure with zero landlord responsibilities. The current lease, commencing July 1, 2019, has a remaining term of approximately 14.6 years, extending to June 30, 2039, with eight five-year renewal options. The property, built in 2000 and situated on a substantial 330,069-square-foot lot, enjoys 100% occupancy and generates a strong net operating income (NOI) of $722,679, resulting in a compelling 5.42% cap rate. The asking price is $13,333,799, translating to $245.78 per square foot. Regular rent bumps are included in the lease. This single-story Class A building benefits from a prime location in Mesquite, a thriving city within the Dallas-Fort Worth metroplex, known for its robust retail sector and strong demographics. The property's long-term history of success, coupled with the secure lease terms and attractive financial metrics, makes it an ideal addition to any investment portfolio. The property is offered as a 1031 exchange opportunity.