21820 FM 506 - Freestanding FOR SALE


Santa Rosa, TX 78593
$892,413 USD
954-302-7365
21820 FM 506, Santa Rosa, TX for Sale
$892,413 USD
Freestanding - FOR SALE
1/5
null | 8% Cap Rate

21820 FM 506
Santa Rosa, TX 78593


HIGHLIGHTS

  • 20-Year Operating History | 5+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Along FM 506 | Nearby School | Excellent Visibility & Access
  • Local Demographics in 10-mile Trade Area

OVERVIEW

• Dollar General has operated at this location for 20 years and has 5+ years remaining on their current lease with 3 (5-year) options to extend • The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,580 location as of May 2025

FOR SALE DETAILS

PRICE

$892,413 USD

PRICE/SF

$99 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Santa Rosa TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

63,990 SF

ZONING

GC

APN/PARCEL ID

855380-0950-020000

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.