Dollar General | Robert Lee, TX | 914 Austin St
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Dollar General | Robert Lee, TX 914 Austin St
10,566 SF Retail Building Robert Lee, TX 76945 $2,374,141 ($225/SF) 6.50% 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 store located in Robert Lee, TX. The subject property has a 15-year NNN lease with 5% rent increases every 5 years and a rent commencement date of August 27, 2024. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
The Robert Lee Dollar General store is ideally located at 914 Austin St, between 9th and 10th Streets at the intersection of Highways 158 and 208. The site is located near the Mountain Creek Golf Club and the E.V. Spence Reservoir, a large artificial lake popular for fishing, camping, and boating just west of the city. Robert Lee is the county seat of Coke County, located approximately 31 miles north of San Angelo, TX and 67 miles southwest of Abilene, TX.
The Robert Lee Dollar General store is ideally located at 914 Austin St, between 9th and 10th Streets at the intersection of Highways 158 and 208. The site is located near the Mountain Creek Golf Club and the E.V. Spence Reservoir, a large artificial lake popular for fishing, camping, and boating just west of the city. Robert Lee is the county seat of Coke County, located approximately 31 miles north of San Angelo, TX and 67 miles southwest of Abilene, TX.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$2,374,141
Price Per SF
$225
Cap Rate
6.50%
NOI
$154,319
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.95 AC
Parking
35 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
357 FT on Austin Street
PROPERTY TAXES
| Parcel Number | 110300000016000300000 | Improvements Assessment | $0 |
| Land Assessment | $8,000 | Total Assessment | $8,000 |
PROPERTY TAXES
Parcel Number
110300000016000300000
Land Assessment
$8,000
Improvements Assessment
$0
Total Assessment
$8,000
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Dollar General | Robert Lee, TX | 914 Austin St
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