2310 Priddy Rd - Freestanding FOR SALE


Goldthwaite, TX 76844
$830,000 USD
818-823-0832
2310 Priddy Rd, Goldthwaite, TX for Sale
$830,000 USD
Freestanding - FOR SALE
1/13
null | 7.13% Cap Rate

2310 Priddy Rd
Goldthwaite, TX 76844


HIGHLIGHTS

  • 3+ Years Term Remaining (Modified NNN) with Minimal Landlord Responsibilities | Brand New Roof w/ 15 Year Warranty.
  • Three 5-Year Options w/ Rental Increases at each Option Period.
  • Dollar General is Paying $0.54 Per Sq. Ft Per Month at this Location.
  • The Subject Property is the Only Dollar General Convenience Only Store in a 20-Mile Radius.
  • he Subject Dollar General Boasts an Impressive 20-Year Operating History Demonstrating Successful Operations at the Location.
  • Seller Willing to Consider Carrying a Loan - Contact Agent for Details

OVERVIEW

The Ovaness-Rostamian Group of Marcus & Millichap is delighted to introduce an investment opportunity in Goldthwaite, Texas, featuring a single-tenant Modified Net-Net-Net (NNN) Dollar General property. This listing offers a blend of stability and growth potential, with over 3 years remaining on the lease from Dollar General, a company recognized for its operational strength and rated BBB by S&P. The tenant is paying significantly below market rent currently at $0.54 per square foot per month. The lease includes renewal options with incremental rent increases, providing a hedge against inflation. Additionally, the property has recently undergone upgrades, including a new roof with a 15-year warranty, which minimizes future maintenance expenses. The seller is also willing to carry a loan, offering flexible financing options for qualified buyers. This Dollar General holds a unique market position as the sole convenience-focused store within a 20-mile radius, ensuring a consistent customer base. The presence of a DG Market in town, which focuses on different product categories, complements rather than competes with this location. Goldthwaite’s advantageous location between Austin and Waco supports a robust local economy, driven by agriculture, small businesses, and tourism, enriched by its cultural heritage. Investing in this property means more than financial returns; it represents a stake in a community where tradition meets economic opportunity. The Modified NNN lease structure simplifies property management responsibilities, making it an attractive option for investors seeking a low-maintenance investment with a hedge against inflation.

FOR SALE DETAILS

PRICE

$830,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

7.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - New Roof - Below Market Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3.39 AC

LAND SF

147,668 SF

ZONING

C

APN/PARCEL ID

R000006505

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

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