Dollar General Relocation Store 5156 Old Seguin Road, Kirby, TX Cap Rate 5.25% Kirby ( Texas, US ) Built

$2,245,233 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 10,566 sq. ft.
  • Development Level: Built
  • Lot Size: 1.74 acres
  • Year Built: 2021

Description

Dollar General Relocation Store 5156 Old Seguin Road, Kirby, TX Cap Rate 5.25%

Cap Rate: 5.25%
NOI: $117,875
Building Size: 10,566 sqft
Lot Area: 1.74 acres
Occupancy: 100%
Year Built: 2021

Price: $2,245,233 USD

DESCRIPTION
Brand New 15-Year Lease | Corporate Guaranteed | Scheduled Rental Increase | Relocation Store
• 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 16,700 locations
• Brand new 15-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases at the beginning of each option, generating NOI and hedging against inflation
• This site is relocating from the current Old Seguin Road store, a successful location
Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor

Located Along Old Seguin Road | Interstate 410 & 35 | Brand New Construction | Excellent Visibility & Access
• Strategically located along Old Seguin Road, a street branching off Seguin Road, which is a primary retail and commuter thoroughfare averaging 33,000 vehicles passing by daily
• This site is near Interstate 410 (82,600 VPD) and Interstate 35 (143,800 VPD), two main interstate highways serving the San Antonio trade area
• Brand new construction which features high level finishes and distinct design elements
• The asset benefits from excellent visibility via significant street frontage along Old Seguin Road and is equipped with a large pylon sign
Local Demographics & Trade Area
• More than 12,800 residents and 2,000 employees support the 10-mile area
• $61,814 average household income

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.