413 1st St, Groveton, TX 75845
- Commercial real estate
- 31,285 SF
- 0.45 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 413 1st St
- Year built
- 2021
- Lot size
- 0.45 lot acres
- Property type
- Commercial real estate
- APN
- 32665
- APU
- 32665
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,488 square foot Family Dollar/Dollar Tree combo store located at 413 W 1st St, Groveton, TX 75845. Built in 2021, this single-tenant property boasts a 100% occupancy rate with a strong, investment-grade tenant under a Net Lease (NN) agreement. The lease commenced March 14, 2021, and has a remaining term of 6.9 years, with six 5-year lease options including rent bumps. The property sits on a 0.44-acre lot featuring a large concrete parking area with two convenient access points. Its strategic location along Highway 287 ensures high visibility and accessibility. The property generates a substantial Net Operating Income (NOI) of $89,565, resulting in an attractive 7.75% capitalization rate. The asking price is $1,155,677, translating to $110.19 per square foot. The tenant is fully responsible for HVAC repairs and replacements. The property's proximity to Groveton Elementary and High School provides a built-in customer base. This offering presents a compelling investment opportunity in a tax-free state, with a long-term lease and a strong performing tenant.
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Location Insight
- Map
- Local Demand
- City
- Groveton
- County
- Trinity
- State
- Texas
- Longitude
- -95.1304
- Latitude
- 31.0568
