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Dollar General - New Roof - Below Market Rent 2310 Priddy Rd 9,100 SF Retail Building Goldthwaite, TX 76844 $830,000 ($91.21/SF) 7.13% Cap Rate
Investment Highlights
- 3+ Years Term Remaining (Modified NNN) with Minimal Landlord Responsibilities | Brand New Roof w/ 15 Year Warranty.
- Dollar General is Paying $0.54 Per Sq. Ft Per Month at this Location.
- he Subject Dollar General Boasts an Impressive 20-Year Operating History Demonstrating Successful Operations at the Location.
- Three 5-Year Options w/ Rental Increases at each Option Period.
- The Subject Property is the Only Dollar General Convenience Only Store in a 20-Mile Radius.
- Seller Willing to Consider Carrying a Loan - Contact Agent for Details
Executive Summary
The Ovaness-Rostamian Group of Marcus & Millichap is delighted to introduce an investment opportunity in Goldthwaite, Texas, featuring a single-tenant Modified Net-Net-Net (NNN) Dollar General property. This listing offers a blend of stability and growth potential, with over 3 years remaining on the lease from Dollar General, a company recognized for its operational strength and rated BBB by S&P. The tenant is paying significantly below market rent currently at $0.54 per square foot per month. The lease includes renewal options with incremental rent increases, providing a hedge against inflation. Additionally, the property has recently undergone upgrades, including a new roof with a 15-year warranty, which minimizes future maintenance expenses. The seller is also willing to carry a loan, offering flexible financing options for qualified buyers.
This Dollar General holds a unique market position as the sole convenience-focused store within a 20-mile radius, ensuring a consistent customer base. The presence of a DG Market in town, which focuses on different product categories, complements rather than competes with this location. Goldthwaite’s advantageous location between Austin and Waco supports a robust local economy, driven by agriculture, small businesses, and tourism, enriched by its cultural heritage.
Investing in this property means more than financial returns; it represents a stake in a community where tradition meets economic opportunity. The Modified NNN lease structure simplifies property management responsibilities, making it an attractive option for investors seeking a low-maintenance investment with a hedge against inflation.
This Dollar General holds a unique market position as the sole convenience-focused store within a 20-mile radius, ensuring a consistent customer base. The presence of a DG Market in town, which focuses on different product categories, complements rather than competes with this location. Goldthwaite’s advantageous location between Austin and Waco supports a robust local economy, driven by agriculture, small businesses, and tourism, enriched by its cultural heritage.
Investing in this property means more than financial returns; it represents a stake in a community where tradition meets economic opportunity. The Modified NNN lease structure simplifies property management responsibilities, making it an attractive option for investors seeking a low-maintenance investment with a hedge against inflation.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2005
Price
$830,000
Price Per SF
$91.21
Cap Rate
7.13%
NOI
$59,179
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.39 AC
Zoning
C - Commercial
Parking
40 Spaces (4.4 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
- 9,100 SF
- $6.51
- Double Net
- Jul 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 9,100 SF | $6.51 | Double Net | Jul 2028 |
Property Taxes
| Parcel Number | R000006505 | Improvements Assessment | $448,040 |
| Land Assessment | $77,090 | Total Assessment | $525,130 |
Property Taxes
Parcel Number
R000006505
Land Assessment
$77,090
Improvements Assessment
$448,040
Total Assessment
$525,130
Contacts
-
Ara Rostamian -
Orbell Ovaness -
Axel Babakhanyan -
Timothy Speck -
Marcus & Millichap
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Dollar General - New Roof - Below Market Rent | 2310 Priddy Rd
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