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DG Market | Midland, TX 3211 Sage St

10,640 SF Retail Building Midland, TX 79705 $3,055,806 ($287/SF) 6.40% Cap Rate

Investment Highlights

  • NNN Single Tenant Investment Opportunity
  • 5% Rent Increases Every 5 Years During the Initial Term and Each Option
  • 15-Year Lease with Five (5), Five (5) Year Options
  • Corporate Guarantee by Dollar General Corporation

Executive Summary

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free standing Dollar General Market located in Midland, TX The subject property has a 15-year, NNN lease with a estimated delivery date of March 2025 and 5% rent increases every five years during the primary term and each option. This store has an upgraded hardy-plank exterior and is located on Sage Street off of Wadley Ave near downtown Midland, and sees approximately 23,000 VPD near the site with over 86,000 residents within 3 miles. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
The subject property is located at 3211 Sage Street in Midland, TX, approximately 16 miles from the Midland International Air & Space Port and 2.5 miles from Midland College in downtown Midland, TX. The Midland-Odessa CSA has historically been the epicenter of oil and gas production in the United States, with the Permian Basin region producing over 43% of the domestic oil supply and 17% of the natural gas supply used in the US.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Year Built
2025
Construction Status
Under Construction
Price
$3,055,806
Price Per SF
$287
Cap Rate
6.40%
NOI
$195,572
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.96 AC

Nearby Major Retailers

Prosperity Bank
Dutch Bros
Wells Fargo Home Mortgage
Rosa's Cafe
Truist
Texas Burger
the Human Bean
Rent-A-Center
  • Listing ID: 34358979

  • Date on Market: 1/3/2025

  • Last Updated:

  • Address: 3211 Sage St, Midland, TX 79705

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