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Dollar General 515 US-70 13,000 SF Retail Building Lockney, TX 79241 $1,329,600 ($102.28/SF) 6.50% Cap Rate
Executive Summary
? 15 year absolute NNN lease - Dollar General
Corporate upgraded store from 9,100 SF
prototype to 12,600 SF DG Market Store in
2023
? 8.5 years remaining on primary term, 10%
rent increases every 5 years in options
? Lockney is located approximately 40 miles
north of the Lubbock, Texas MSA. Lockney is
served by the Lockney Independent School
District (LISD), which encompasses elemen-
tary, middle, and high school within the sur-
rounding area, educating students from Pre-K
through 12th grade
? As the 10th largest city in Texas, Lub-
bock serves a regional population of nearly
650,000, with projected growth of 4.6% over
the next five years.
? Lubbock’s economy is a growing hub built on
agriculture, education (Texas Tech), and
healthcare, leveraging a low cost of living, no
state income tax, and a strong workforce.
Corporate upgraded store from 9,100 SF
prototype to 12,600 SF DG Market Store in
2023
? 8.5 years remaining on primary term, 10%
rent increases every 5 years in options
? Lockney is located approximately 40 miles
north of the Lubbock, Texas MSA. Lockney is
served by the Lockney Independent School
District (LISD), which encompasses elemen-
tary, middle, and high school within the sur-
rounding area, educating students from Pre-K
through 12th grade
? As the 10th largest city in Texas, Lub-
bock serves a regional population of nearly
650,000, with projected growth of 4.6% over
the next five years.
? Lubbock’s economy is a growing hub built on
agriculture, education (Texas Tech), and
healthcare, leveraging a low cost of living, no
state income tax, and a strong workforce.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
B
Year Built
2019
Price
$1,329,600
Price Per SF
$102.28
Cap Rate
6.50%
NOI
$86,424
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.51 AC
Property Taxes
| Parcel Number | R000006377 | Improvements Assessment | $24,030 |
| Land Assessment | $4,500 | Total Assessment | $28,530 |
Property Taxes
Parcel Number
R000006377
Land Assessment
$4,500
Improvements Assessment
$24,030
Total Assessment
$28,530
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Dollar General | 515 US-70
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