Dollar General Absolute NNN Lease | 611 Grant Ave
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Dollar General Absolute NNN Lease 611 Grant Ave
7,500 SF Retail Building Strawn, TX 76475 $1,143,000 ($152.40/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 9+ Years Remaining on a 15 Year Lease
- 2019 Construction
- 7% Cap Rate
- Absolute NNN Lease (Zero Landlord Responsibilities)
- Three (5) Yr. Options to Renew at 10% each Option Period
EXECUTIVE SUMMARY
New lease and construction as of 2019. Over nine years remaining on a 15 year lease. Three (5) year options to renewal at 10% each option period. Absolute Triple Net Corporate Guaranteed Lease. For more details, download the Offering Memorandum from the Property Website https://property.creop.com/41975/
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
B
Year Built
2019
Price
$1,143,000
Price Per SF
$152.40
Cap Rate
7%
NOI
$79,955
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.92 AC
Parking
4.1 Spaces per 1,000 SF Leased
Frontage
200’ on Grant Ave.
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 3031 | Improvements Assessment | $765,610 |
| Land Assessment | $33,130 | Total Assessment | $798,740 |
PROPERTY TAXES
Parcel Number
3031
Land Assessment
$33,130
Improvements Assessment
$765,610
Total Assessment
$798,740
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Dollar General Absolute NNN Lease | 611 Grant Ave
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