619 W Corsicana St Athens, TX 75751
Property profile & analytics
619 W Corsicana St Athens, TX 75751
- Commercial real estate
- 12,560 SF
- 1.12 lot acres
Property ID
US83-1174408
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
Property Details for 619 W Corsicana St
- Year built
- 2012
- Lot size
- 1.12 lot acres
- Property size
- 12,560 SF
- Property type
- Commercial real estate
- APN
- 2050-0084-0010-01
- APU
- 20500084001001
Description
This exceptional investment opportunity presents a 12,480-square-foot Dollar General convenience store and storefront located at 619 W Corsicana St, Athens, TX 75751. The property sits on a 1.22-acre lot and is offered at $2,020,000, representing a price per square foot of $161.86 and a 6.50% cap rate. The property boasts a Net Lease (NNN) structure with a single tenant, Dollar General, under a corporate guaranteed lease. The current lease commenced April 1, 2013, and expires March 31, 2028, leaving approximately 3.4 years remaining. The lease includes 3-5 year option periods with a 10% rent increase at each renewal. The property generates a Net Operating Income (NOI) of $131,350, reflecting 100% occupancy. Dollar General, rated "BBB" by Standard & Poor's, operates over 20,000 stores nationwide, demonstrating financial strength and stability. This presents a low-management, high-return investment in a tax-free state, ideal for 1031 exchange purposes. The property benefits from a diversified economic base in Athens, Texas, encompassing tourism, finance, retail, services, and healthcare. This is a rare opportunity to acquire a high-quality, single-tenant NNN investment with a strong tenant and significant remaining lease term.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $455,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $690,000
- 6.5%
- $640,000
- 7%
- $590,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Henderson
- State
- Texas
- Longitude
- -95.8674
- Latitude
- 32.2039
- CBSA code
- 11980
- CBSA name
- ATHENS, TX MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,467
$98,402
$663,343
$761,745
-
$98,402
$663,343
$761,745
