12955 Texas State Highway 63, Jasper, TX 75951
9,230 SF | Retail Building | Jasper, TX 75951 | $1,209,000 ($131/SF) | 6.75% Cap Rate
For Sale
Active
Asking Price $1,209,000
- Property Type
-
Retail
- Square Feet
- 9,230 SF
- Price / Square Foot
- $131
Listing Contacts
Jaime Salazar
Patrick Nutt
William Wamble
Property Overview
• Dollar General has over 10 years remaining on their current lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5 years and at the beginning of each option period, 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 20,000 locations in 47 states as of February 2024
• This is the only DG within 10 miles of the subject property
• The lease features 10% increases every 5 years and at the beginning of each option period, 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 20,000 locations in 47 states as of February 2024
• This is the only DG within 10 miles of the subject property
Property Details
- Year Built
- 2019
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 87,120 SF
Highlights
- 10.4 Years Remaining | Scheduled Rental Increases | Corporate Guaranteed
- Absolute NNN Leased | Fee Simple Ownership | No Landlord Responsibilities
- Located Along State Hwy 63 (3,200 VPD) | Limited Competition |Excellent Visibility | Sam Rayburn Lake
- Strong Operator | 1,000+ New Stores In 2022
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