Yoakum, TX - Dollar Tree & Dollar General Multi-Tenant Center

304 W. Grand Avenue, Yoakum, TX

$2,750,000

Price

7.37%

Cap Rate

$202,565

NOI

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Overview
Cap Rate
7.37%
NOI
$202,565
Description

• Opportunity to acquire a 87% occupied 24,000+ SF multi-tenant retail building in Yoakum, TX
• Dollar Tree signed a brand new 5 year lease with 3 (5-year) options to extend, and featuring 10% increases at the beginning of each option period
• Dollar General has 6 years remaining on their initial lease
• DG has been operating at the site since 1999, and recently increased their rent by 50% to renew the lease, demonstrating their strong commitment to the site
• The Dollar General is in the top 1% of all stores nationwide
• This is the only Dollar General within 15 miles of the subject property
• The restaurant’s initial lease goes through 2028
• Brand new roof that was completed in 2023
• A future investor will be able to capitalize on the asset’s value-add potential
through the lease up of the vacant space which totals 3,200 SF

• Yoakum, TX is centrally located between Austin, San Antonio, Houston, and Corpus Christi
• Strategically located at the hard corner intersection of U.S. Hwy 77 Alt and W. Grand Ave with a combined 11,400 vehicles passing by daily
• Excellent visibility via significant street frontage and a large pylon sign
• Multiple points of ingress/egress
• The asset is within close proximity to multiple national/credit tenants including Sonic, Subway, Dairy Queen, Pizza Hut, Shell, HEB, Ace Hardware, and many more
• Close proximity to Yoakum High School (470 students and Yoakum Junior High School (353 students), further increasing consumer traffic to the site
• More than 7,000 residents and 2,000 employees support the trade area

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Listing ID: a288X0000075cdUQAQ
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