2024 S Eddy St - Retail FOR SALE
Pecos, TX 79772 |
$444,631 USD
646-921-9713
2024 S Eddy St
Pecos, TX 79772
HIGHLIGHTS
- Long-Term Dollar General Tenancy – (Since 1999) Dollar General has operated at this location for over 25 years
- Corporate Guarantee Lease – Guaranteed by DolgenCorp of Texas, Inc., a subsidiary of Dollar General Corporation (BBB credit rating).
- Double Net (NN) Lease – Minimal Landlord Responsibilities. Tenant handles interior/exterior maintenance, HVAC, plumbing, electrical, and utilities
- Rent Below Market – With Upcoming 15% Option Increase Current rent: $3,520/month ($42,240 annually). Next 5-year option features a 15% rent bump
- High-Performing Store Ranking – The store ranks in the top 17% of all Dollar General stores in Texas and top 19% nationally.
- Strong Retail Fundamentals – Located on S. Eddy Street, which sees 11,500 vehicles per day, serving a growing trade area with increasing population
OVERVIEW
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Michael Tamir, Kevin Puder, Chad Kurz in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code
FOR SALE DETAILS
PRICE
$444,631 USD
PRICE/SF
$30 USD /SF
CAP RATE
9.5%
% LEASED
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TENANCY
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SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
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ASK ABOUT THIS PROPERTY
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646-921-9713
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646-921-9713
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