611 Grant Ave Strawn, TX 76475
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.
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Dollar General Discount Store
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Western Union Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.