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DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN 3034 Robinson Dr 10,566 SF Retail Building Waco, TX 76706 $3,916,527 CAD ($370.67 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options.
  • Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Investment Grade Credit Rating “BBB” by S&P’s and Annual Revenue Exceeding $40.61B.
  • Easy Access & Excellent Visibility - Near U.S. Interstate 35 (88k+ VPD) and near TX Hwy-39, which are Traveled by Commuters and Truckers.
  • Brand New 2025 High Quality Construction. Larger Plus Format Store.
  • Well Above Average Demographics for a Dollar General: Features more than 120k People Residing within a 5-Mile Radius.
  • Just 3 Miles from Baylor University – A Major Economic and Cultural Anchor Driving Consistent Traffic from Students, Faculty, Visitors, and more.

EXECUTIVE SUMMARY

Dollar General Plus | 15 Year Absolute Net Lease w/ Rent Increases | Well Above Average Demographics for a Dollar General | 120k+ 5-Mile Population | Brand New 2025 Construction | Near Baylor University | Immediate I-35 Access | Amazon Resistant Investment Grade Retail Asset

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Building Class
C
Year Built
2025
Price
$3,916,527 CAD
Price Per SF
$370.67 CAD
Cap Rate
6.25%
NOI
$244,783 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.16 AC

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Dollar General
  • Retailer
  • 10,566 SF
  • -
  • Triple Net
  • Sep 2040
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Dollar General Retailer 10,566 SF - Triple Net Sep 2040

NEARBY MAJOR RETAILERS

Herc Rentals
Texas Roadhouse
Chili's Grill & Bar
H-E-B
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
48-008800-049604-7
Land Assessment
$38,506 CAD
Improvements Assessment
$0 CAD
Total Assessment
$38,506 CAD
  • Listing ID: 37242564

  • Date on Market: 2025-08-12

  • Last Updated:

  • Address: 3034 Robinson Dr, Waco, TX 76706

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