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Dollar General

$1,177,000

1862 Farm to Market 534, Sandia, TX 78383

Active
Last Updated: 04/30/2025

7.5

Cap Rate

88,307

NOI

Details:
Cap Rate:    7.5%
NOI:    $88,307
Building Size:    9,100 sqft
Lot Area:    1.64 sqft
Lease Type:    Absolute Net
Year Built:    2017
Tenancy:    Single
Highlights:
  • The 2017 build-to-suit site has over 7 years of lease term remain with five 5-year options thereafter
  • The lease is backed by a corporate guaranty from Dollar General –#108 on the Fortune 500 list of companies
  • Absolute NNN lease structure features zero Landlord expense obligations, providing an investor with a truly “hands-off” investment
  • The subject property benefits from access to FM 534 and is located just 43 miles from Corpus Christi (5th largest port in the U.S.)
  • Dollar General generated $40.6 billion in 2024 fiscal year sales and a net income of $1.1 billion
Description:

Over 7 years of base lease term remaining on absolute NNN Dollar General with options thereafter. The tenant is the country’s largest small-box discount retailer with over 20,000 stores nationwide.

Map:
Documents:
Title
DollarGeneral_SandiaTX.pdf
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