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Property profile & analytics
OFF-MARKET Estimated value $1,780,000
Commercial real estate

611 Grant Ave Strawn, TX 76475

149,280 SF 0.92 ac lot Built 2018
Individually Owned 1-yr Hold Free & Clear
Property ID
US82-7799077
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2018
Total area 149,280 SF
Lot 0.92 ac (39,988 SF)
APN 24660100
UPID US82-7799077
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Discount Store
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.78M
Owner & transaction history
Darrel L Rundus · 1 yrs held
Darrel L Rundus
since 2025
2 recorded transactions
2025
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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