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DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN 3034 Robinson Dr 10,566 SF Retail Building Waco, TX 76706 $2,805,696 ($265.54/SF) 6.25% Cap Rate
Investment Highlights
- 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Investment Grade Credit Rating “BBB” by S&P’s and Annual Revenue Exceeding $40.61B.
- Easy Access & Excellent Visibility - Near U.S. Interstate 35 (88k+ VPD) and near TX Hwy-39, which are Traveled by Commuters and Truckers.
- Brand New 2025 High Quality Construction. Larger Plus Format Store.
- Well Above Average Demographics for a Dollar General: Features more than 120k People Residing within a 5-Mile Radius.
- Just 3 Miles from Baylor University – A Major Economic and Cultural Anchor Driving Consistent Traffic from Students, Faculty, Visitors, and more.
Executive Summary
Dollar General Plus | 15 Year Absolute Net Lease w/ Rent Increases | Well Above Average Demographics for a Dollar General | 120k+ 5-Mile Population | Brand New 2025 Construction | Near Baylor University | Immediate I-35 Access | Amazon Resistant Investment Grade Retail Asset
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Building Class
C
Year Built
2025
Price
$2,805,696
Price Per SF
$265.54
Cap Rate
6.25%
NOI
$175,356
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.16 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
- 10,566 SF
- -
- Triple Net
- Sep 2040
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 10,566 SF | - | Triple Net | Sep 2040 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 48-008800-049604-7 | Improvements Assessment | $0 |
| Land Assessment | $27,290 | Total Assessment | $27,290 |
Property Taxes
Parcel Number
48-008800-049604-7
Land Assessment
$27,290
Improvements Assessment
$0
Total Assessment
$27,290
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DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN | 3034 Robinson Dr
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