501 E Hill St | Spur, TX 79370
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501 E Hill St
Spur, TX 79370
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Development Dollar General - Wide and Shallow Floor Plan
- Investment Grade Credit - Dollar General (NYSE: DG) S&P BBB Credit Rating (Same as Walgreens and CVS)
- Spur is About an Hour Drive from Lubbock
- Absolute NNN Lease - Zero Landlord Responsibility - 12.5+ Years Remaining
- Rent Commenced April 2018 - 5 (5) Year Options with 10% Rental Increases
- Limited Competition - Only Dollar Store in Town of Spur
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.23 AC
Zoning
F1
Parking
28 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
ABOUT 501 E HILL ST , SPUR, TX 79370
The Subject Property is located along TX HWY 70, which is the main roadway through the town of Spur. Dollar General will serve as the only Dollar Store in the town of Spur and be a main provider for retail and general goods. Nearby traffic generators include several churches, schools, parks, and the neighboring library. Spur is the first town in the United States to legalize "tiny houses", which has attracted new residents from all over the country.
PROPERTY TAXES
| Parcel Number | 5659 | Improvements Assessment | $416,080 |
| Land Assessment | $13,640 | Total Assessment | $429,720 |
PROPERTY TAXES
Parcel Number
5659
Land Assessment
$13,640
Improvements Assessment
$416,080
Total Assessment
$429,720
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