611 Grant Ave, Strawn, TX 76475
- Commercial real estate
- 149,280 SF
- 0.92 lot acres
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 611 Grant Ave
- Year built
- 2018
- Lot size
- 0.92 lot acres
- Property type
- Commercial real estate
- APN
- 24660100
- APU
- 24660100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 5, 2025 | — | Darrel L Rundus | Kim D Harding | Special Warranty Deed | — |
| Sep 9, 2019 | — | Kim D Harding | Vaquero Strawn Partners LP | Venders Lien | $150 · Inwood National Bank |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 7,500 square foot Dollar General convenience store in Strawn, Texas. Built in 2019, the property boasts a 100% occupancy rate with a strong, absolute triple-net (NNN) corporate lease guaranteeing no landlord responsibilities. The current lease, commencing February 2019, has over nine years remaining and includes three five-year renewal options, each with a 10% rent increase. The property generates a substantial net operating income (NOI) of $79,955, resulting in an attractive 6.35% capitalization rate. The asking price is $1,259,000 and is structured for a 1031 exchange. This single-story building is situated at 611 Grant Ave, Strawn, TX 76475, in Palo Pinto County. The property's strong tenant, long-term lease, and minimal landlord responsibilities make it an ideal addition to any diversified investment portfolio. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Strawn
- County
- Palo Pinto
- State
- Texas
- Longitude
- -98.4984
- Latitude
- 32.5428
- CBSA code
- 33420
- CBSA name
- MINERAL WELLS, TX MICROPOLITAN STATISTICAL AREA
