405 Ridgeway Drive
Blue Ridge, TX 75424 ·
9,100 SF · Retail For Sale
Dollar General - over $1.45 Million in Sales
|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|
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.
- 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)
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