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4620 Fm 10 9,026 SF Retail Building Gary, TX 75643 $1,277,000 ($141.48/SF) 6.50% Cap Rate
Investment Highlights
- Triple net investment with Dollar General lease going for 6 years with 9 years remaining and 3 (5-year) options to extend
- ABSOLUTE NNN | FEE SIMPLE OWNERSHIP | ZERO LANDLORD RESPONSIBILITIES — tenant pays CAM, taxes, insurance and maintains all aspects of the premises
- High loss to lease, tenant is below market rent leaving room for growth on future rental rates
Executive Summary
6-YEAR OPERATING HISTORY | 9 YEARS REMAINING |
CORPORATE GUARANTEED
• Dollar General has operated at this location for 6 years and has 9 years
remaining on their current lease with 3 (5-year) options to extend
• The lease features 10% increases at the beginning of each option, growing NOI
and hedging against inflation
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade
(S&P: BBB), nationally recognized, and an established discount store with more
than 20,580 location as of May 2025
ABSOLUTE NNN | FEE SIMPLE OWNERSHIP |
ZERO LANDLORD RESPONSIBILITIES
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
CORPORATE GUARANTEED
• Dollar General has operated at this location for 6 years and has 9 years
remaining on their current lease with 3 (5-year) options to extend
• The lease features 10% increases at the beginning of each option, growing NOI
and hedging against inflation
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade
(S&P: BBB), nationally recognized, and an established discount store with more
than 20,580 location as of May 2025
ABSOLUTE NNN | FEE SIMPLE OWNERSHIP |
ZERO LANDLORD RESPONSIBILITIES
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Building Size
9,026 SF
Building Class
B
Year Built
2020
Price
$1,277,000
Price Per SF
$141.48
Cap Rate
6.50%
NOI
$83,007
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.33 AC
Zoning
01 - Commercial
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 8462 | Improvements Assessment | $381,440 |
| Land Assessment | $28,900 | Total Assessment | $410,340 |
Property Taxes
Parcel Number
8462
Land Assessment
$28,900
Improvements Assessment
$381,440
Total Assessment
$410,340
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4620 Fm 10