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381 E 1st St 9,014 SF Retail Building Groveton, TX 75845 $1,047,501 CAD ($116.21 CAD/SF) 9.25% Cap Rate
Investment Highlights
- Long Term Occupancy: Dollar General has successfully operated at this site for almost 20 years.
- Limited Competition: Dollar General serves as one of the primary retail destination for Groveton's rural market.
- Strong Visibility: Exposed to nearly 4,000 vehicles daily.
Executive Summary
AMC Real Estate Investment Services is pleased to offer for sale this Dollar General property in Groveton, TX, priced at $756,324 with a 9.25% cap rate. The store has operated successfully at this location for nearly 20 years and is secured by a NN+ lease.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,014 SF
Building Class
C
Year Built
2008
Price
$1,047,501 CAD
Price Per SF
$116.21 CAD
Cap Rate
9.25%
NOI
$96,894 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.99 AC
Opportunity Zone
Yes
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
185’ on 1st
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19932 | Improvements Assessment | $571,538 CAD |
| Land Assessment | $21,902 CAD | Total Assessment | $593,439 CAD |
Property Taxes
Parcel Number
19932
Land Assessment
$21,902 CAD
Improvements Assessment
$571,538 CAD
Total Assessment
$593,439 CAD
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381 E 1st St
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