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DOLLAR GENERAL | 15 YEAR ABSOLUTE NNN w/ RENT 4819 Heritage Pkwy 9,100 SF Retail Building Leroy, TX 76654 $3,047,265 CAD ($334.86 CAD/SF) 6.50% Cap Rate
Investment Highlights
- 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- Located along the Dominant I-35 Growth Corridor, Situated Midway Between Dallas–Fort Worth and Austin.
- No General Merchandise Retail Exists within the Immediate Leroy Trade Area, Positioning the Subject Property as the Primary Everyday Convenience.
- Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s and Annual Revenue Exceeding $42.72 Billion.
- McLennan County has Grown over 16% Since 2010, Reaching an Estimated 273,692 Residents in 2026.
Executive Summary
15 Year Absolute Net Lease w/ Rent Increases | Brand New 2026 Construction | Limited Competition | Primary FM 2311 Arterial Frontage | Dallas–Austin I-35 Corridor | Underserved Immediate Trade Area | Amazon Resistant Investment Grade Retail Concept.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2026
Price
$3,047,265 CAD
Price Per SF
$334.86 CAD
Cap Rate
6.50%
NOI
$198,072 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.19 AC
Frontage
296’ on Heritage Park
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
- 9,100 SF
- -
- Triple Net
- Sep 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 9,100 SF | - | Triple Net | Sep 2041 |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 50-003889-000103-0 | Improvements Assessment | $18,812 CAD |
| Land Assessment | $82,749 CAD | Total Assessment | $101,561 CAD |
Property Taxes
Parcel Number
50-003889-000103-0
Land Assessment
$82,749 CAD
Improvements Assessment
$18,812 CAD
Total Assessment
$101,561 CAD
1 of 2
Videos
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Photos
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Map
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DOLLAR GENERAL | 15 YEAR ABSOLUTE NNN w/ RENT | 4819 Heritage Pkwy
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