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Dollar General 381 E 1st St 9,014 SF Retail Building Groveton, TX 75845 $756,324 ($83.91/SF) 9.25% Cap Rate



INVESTMENT HIGHLIGHTS
- Long Term Occupancy: Dollar General has successfully operated at this site for almost 20 years.
- Limited Competition: Dollar General serves as one of the primary retail destination for Groveton's rural market.
- Strong Visibility: Exposed to nearly 4,000 vehicles daily.
EXECUTIVE SUMMARY
AMC Real Estate Investment Services is pleased to offer for sale this Dollar General property in Groveton, TX, priced at $756,324 with a 9.25% cap rate. The store has operated successfully at this location for nearly 20 years and is secured by a NN+ lease.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,014 SF
Building Class
C
Year Built
2008
Price
$756,324
Price Per SF
$83.91
Cap Rate
9.25%
NOI
$69,960
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.99 AC
Opportunity Zone
Yes
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
185’ on 1st
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19932 | Improvements Assessment | $412,940 |
| Land Assessment | $15,824 | Total Assessment | $428,764 |
PROPERTY TAXES
Parcel Number
19932
Land Assessment
$15,824
Improvements Assessment
$412,940
Total Assessment
$428,764
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Dollar General | 381 E 1st St
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