Dollar General New Boston TX / Recent Lease Renewal & Rent Increase
$1,334,472
307 U.S. 82, New Boston, TX 75570
6.85
Cap Rate
91,411
NOI
Details:
Highlights:
- LONG SUCCESSFUL HISTORY AT LOCATION - Dollar General Relocated To This Building In 2011. Recent Lease Renewal With Rent Increase
- LOCATED NEAR BORDERS OF ARKANSAS AND OKLAHOMA - Major Transportation Artery Interstate 30 Serves As Vital Logistics Hub
- LESS THAN 2 HOURS DRIVING TO DALLAS-FORT WORTH, TX - Texas Has A Staggering $2.5 Trillion Economy, 8th Largest In The World
- TEXAS IS A NO STATE INCOME STATE - Enjoy Tax-Free Passive Rental Income
- NATIONAL INVESTMENT-GRADE TENANT - $40B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease.
Description:
TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a solid-performing Dollar General Store located in New Boston, Texas. Dollar General has had a long, successful history at this location since 1994, relocated to this building in 2011, and recently exercised its 1st 5-year renewal option (with rent increase). The lease runs through July 2031, with two remaining 5-year renewal options and a 10% rent increase with each renewal option. The lease is guaranteed by Dollar General Corporation, which operates over 20,500 stores and has an impressive S&P investment-grade rating of BBB.
New Boston, closely connected to nearby Texarkana, serves as a pivotal logistics hub along Interstate 30, driving a diverse economy anchored in manufacturing, healthcare, education, and retail. Residents enjoy easy driving access to the vibrant Dallas-Fort Worth area for a world-class plethora of entertainment options.
Broker of Record, Brian Brockman, Bang Realty-Texas Inc., Lic #701472.
Documents:
| Title | ||
|---|---|---|
| DG_New_Boston_TX_-_Touchstone_Commercial_Partners.pdf |
Location
Gallery
