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Dollar General | Top 5% DG (Placer.AI) 1121 S Raul Longoria 8,995 SF Retail Building Edinburg, TX 78542 $1,547,018 CAD ($171.99 CAD/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- 5+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Placer AI
- Local Demographics in 5-mile Trade Area | Direct Consumer Base
- Dollar General Corporation Reports Q2 2024 Results
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Along S. Raul Longoria Rd | Interstate 69c | Dense Retail Corridor | Nearby Schools
EXECUTIVE SUMMARY
• Dollar General has 5+ years remaining on their current lease with 3 (5-year) options to extend
• The lease features 10% rental increases at the beginning of each option
• The market rent in the area is $20 Sq/ft vs the property rent $8.88 Sq/ft
• The site is a Top 5% Dollar General (Placer.AI)
• 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 20,345 location as of August 2024
• The lease features 10% rental increases at the beginning of each option
• The market rent in the area is $20 Sq/ft vs the property rent $8.88 Sq/ft
• The site is a Top 5% Dollar General (Placer.AI)
• 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 20,345 location as of August 2024
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,995 SF
Building Class
B
Year Built
2005
Price
$1,547,018 CAD
Price Per SF
$171.99 CAD
Cap Rate
7.15%
NOI
$110,606 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.79 AC
Zoning
Commercial
Parking
34 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
134’ on South Raul Longoria Road
PROPERTY TAXES
| Parcel Number | T3565-00-000-0032-00 | Improvements Assessment | $596,846 CAD |
| Land Assessment | $242,036 CAD | Total Assessment | $838,882 CAD |
PROPERTY TAXES
Parcel Number
T3565-00-000-0032-00
Land Assessment
$242,036 CAD
Improvements Assessment
$596,846 CAD
Total Assessment
$838,882 CAD
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Dollar General | Top 5% DG (Placer.AI) | 1121 S Raul Longoria
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