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Dollar General 2024 S Eddy St 15,000 SF Retail Building Pecos, TX 79772 $444,631 ($29.64/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Dollar General Tenancy – (Since 1999) Dollar General has operated at this location for over 25 years.
- Double Net (NN) Lease – Minimal Landlord Responsibilities. Tenant handles interior/exterior maintenance, HVAC, plumbing, electrical, and utilities.
- High-Performing Store Ranking – The store ranks in the top 17% of all Dollar General stores in Texas and top 19% nationally.
- Corporate Guarantee Lease – Guaranteed by DolgenCorp of Texas, Inc., a subsidiary of Dollar General Corporation (BBB credit rating).
- Rent Below Market – With Upcoming 15% Option Increase Current rent: $3,520/month ($42,240 annually). Next 5-year option features a 15% rent bump.
- Strong Retail Fundamentals – Located on S. Eddy Street, which sees 11,500 vehicles per day, serving a growing trade area with increasing population.
EXECUTIVE SUMMARY
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Michael Tamir, Kevin Puder, Chad Kurz in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code
Patrick Graham
License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Michael Tamir, Kevin Puder, Chad Kurz in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
15,000 SF
Building Class
C
Year Built
1983
Price
$444,631
Price Per SF
$29.64
Cap Rate
9.50%
NOI
$42,240
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
1.00 AC
Zoning
C-1 - Commercial
Parking
36 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
74’ on West Normandy Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0011187 | Improvements Assessment | $353,250 |
| Land Assessment | $46,750 | Total Assessment | $400,000 |
PROPERTY TAXES
Parcel Number
0011187
Land Assessment
$46,750
Improvements Assessment
$353,250
Total Assessment
$400,000
CONTACTS
-
Michael Tamir -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
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Dollar General | 2024 S Eddy St
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