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Dollar General - Relocation Store 307 W US Highway 82 9,100 SF Retail Building New Boston, TX 75570 $1,767,045 CAD ($194.18 CAD/SF) 7.10% Cap Rate
Investment Highlights
- LONG SUCCESSFUL HISTORY AT LOCATION - Dollar General Relocated To This Building In 2011. Recent Lease Renewal With Rent Increase
- LESS THAN 2 HOURS DRIVING TO DALLAS-FORT WORTH, TX - Texas Has A Staggering $2.5 Trillion Economy, 8th Largest In The World
- NATIONAL INVESTMENT-GRADE TENANT - $40B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease
- LOCATED NEAR BORDERS OF ARKANSAS AND OKLAHOMA - Major Transportation Artery Interstate 30 Serves As Vital Logistics Hub
- TEXAS IS A NO STATE INCOME STATE - Enjoy Tax-Free Passive Rental Income
Executive Summary
TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a solid-performing Dollar General Store located in New Boston, Texas. Dollar General has had a long, successful history at this location since 1994, relocated to this building in 2011, and recently exercised its 1st 5-year renewal option (with rent increase). The lease runs through July 2031, with two remaining 5-year renewal options and a 10% rent increase with each renewal option. The lease is guaranteed by Dollar General Corporation, which operates over 20,500 stores and has an impressive S&P investment-grade rating of BBB.
New Boston, closely connected to nearby Texarkana, serves as a pivotal logistics hub along Interstate 30, driving a diverse economy anchored in manufacturing, healthcare, education, and retail. Residents enjoy easy driving access to the vibrant Dallas-Fort Worth area for a world-class plethora of entertainment options.
Broker of Record, Brian Brockman, Bang Realty-Texas Inc., Lic #701472.
New Boston, closely connected to nearby Texarkana, serves as a pivotal logistics hub along Interstate 30, driving a diverse economy anchored in manufacturing, healthcare, education, and retail. Residents enjoy easy driving access to the vibrant Dallas-Fort Worth area for a world-class plethora of entertainment options.
Broker of Record, Brian Brockman, Bang Realty-Texas Inc., Lic #701472.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2011
Price
$1,767,045 CAD
Price Per SF
$194.18 CAD
Cap Rate
7.10%
NOI
$125,460 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.03 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 9,100 SF
- -
- Triple Net
- Jul 2031
Dollar General began in 1939 as a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 9,100 SF | - | Triple Net | Jul 2031 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04220018005 | Improvements Assessment | $1,232,562 CAD |
| Land Assessment | $42,210 CAD | Total Assessment | $1,274,771 CAD |
Property Taxes
Parcel Number
04220018005
Land Assessment
$42,210 CAD
Improvements Assessment
$1,232,562 CAD
Total Assessment
$1,274,771 CAD
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Dollar General - Relocation Store | 307 W US Highway 82
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