3800 Main Ave
Groves, TX 77619
Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 3814 Main Ave in Groves, Texas. Constructed in 2006, this investment offers 9,014 rentable square feet and is situated on a .82 parcel of land. Dollar General has just under 4 years remaining on a recent lease extension, which demonstrates their continued commitment to this location. Additionally, there are two, five year renewal options with double digit rent increases associated in each. Dollar General is required to report store sales at this location and is consistently grossing in excess of $2 million year over year, which represents a 3% rent-to-sales ratio. This investment opportunity is being offered at $799,000, which reflects a 7.88% capitalization rate. Groves, Texas is located on the southeastern Gulf Coast and bordered by the city of Port Arthur. Additionally, Beaumont is located just eleven miles to the southeast and home to over 118,000 residents. Texas has consistently been a strong producing market for Dollar General with over 1,300 locations statewide. Marcus & Millichap Texas Broker of Record: Tim Speck #432723