8708 19th St 8 008 pi² Commerce de détail Immeuble Lubbock, TX 79407 2 087 777 $ CAD (260,71 $ CAD/pi²) 7,15% Taux de capitalisation

PRICE IMPROVEMENT!! Alliance Investment Real Estate Group is pleased to offer for sale a corporately guaranteed Dollar General located at 8708 19th Street, Lubbock, TX, offered as part of a 2-store portfolio with an additional location at 1006 S. Aspen Ave., New Deal, TX for $1,113,000 also at a 7.15% CAP Rate! Built as a Build-to-Suit property, this absolute NNN-leased asset features zero landlord responsibilities and is backed by Dollar General’s investment-grade credit rating (S&P: BBB) with an attractive CAP for an investor to enjoy passive income. Both leases have initial terms of 15 years that commenced in 2017 and 2018, respectively, with five, (5) year options with 10% rent increases in each option period. The property is also ideally located in front of a residential neighborhood with an elementary school. Lubbock Texas has a population of over 250,000 and is located near Texas Tech University. The asset is also located on a 4 lane highway that runs through the heart of Lubbock and thus generating constant visibility and significant traffic flow.
Texas Broker of Record: Thomas Cervone, Camelot Realty Group, Lic: #0331008