This Retail Property is Off-Market.

405 Ridgeway Drive
Blue Ridge, TX 75424 ·

9,100 SF · Retail For Sale

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Dollar General - over $1.45 Million in Sales

Price N/A Cap Rate 8.30%
Building Size 9,100 SF Tenancy Single
Property Type Retail Year Built 2005
Property Sub-type Free Standing Bldg Lot Size 2.73 AC
Property Use Type Net Lease Investment with 7 years left on lease
Listing ID: 18235263 Date Created: 06/25/2013 Last Updated: 10/13/2013

Description

See Offering Memorandum for download.

The Dollar General #7515 - is a proven location. The Dollar General property is a 9,100 Square Foot property built in 2005. The rent is a double net lease offered at an 8.30% Cap Rate. Minimal maintenance is required with 10% increases during the five, five-year options.

Dollar General - Investment Grade - S&P BBB - Rating

The property is located at 405 Ridgeway Drive in Blue Ridge TX. The property is located on State Hwy 78 - a major thoroughfare to and from Famersville, TX and onto Dallas, TX.

Blue Ridge, TX Blue Ridge is a suburb of Dallas Fort Worth just 35 miles northwest of Dallas, TX MSA.

Highlights

  • Proven Location Renewed Lease Early
  • Strong Sales no Percentage (%) Rent over $1.45 million in sales in 2012
  • 9,100 SF Larger Store Format
  • Parking Lot Resurfaced & Restriped
  • HVAC Two new Units purchased in April 2013
  • Corporate Guaranteed ($14.80 Billion Sale/ $3.3 Billion Net Worth approximately)

Research

405 Ridgeway Drive, Blue Ridge, TX 75424 (Collin County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Blue Ridge Market Trends - Asking price index trends, sale price trends, asking rent trends

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