307 W US Highway 82 - Freestanding FOR SALE


New Boston, TX 75570
$1,305,876 USD
402-413-8527
307 W US Highway 82, New Boston, TX for Sale
$1,305,876 USD
Freestanding - FOR SALE
1/1
null | 7% Cap Rate

307 W US Highway 82
New Boston, TX 75570


HIGHLIGHTS

  • LONG SUCCESSFUL HISTORY AT LOCATION - Dollar General Relocated To This Building In 2011. Recent Lease Renewal With Rent Increase
  • LOCATED NEAR BORDERS OF ARKANSAS AND OKLAHOMA - Major Transportation Artery Interstate 30 Serves As Vital Logistics Hub
  • LESS THAN 2 HOURS DRIVING TO DALLAS-FORT WORTH, TX - Texas Has A Staggering $2.5 Trillion Economy, 8th Largest In The World
  • TEXAS IS A NO STATE INCOME STATE - Enjoy Tax-Free Passive Rental Income
  • NATIONAL INVESTMENT-GRADE TENANT - $40B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease

OVERVIEW

TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a solid-performing Dollar General Store located in New Boston, Texas. Dollar General has had a long, successful history at this location since 1994, relocated to this building in 2011, and recently exercised its 1st 5-year renewal option (with rent increase). The lease runs through July 2031, with two remaining 5-year renewal options and a 10% rent increase with each renewal option. The lease is guaranteed by Dollar General Corporation, which operates over 20,500 stores and has an impressive S&P investment-grade rating of BBB. New Boston, closely connected to nearby Texarkana, serves as a pivotal logistics hub along Interstate 30, driving a diverse economy anchored in manufacturing, healthcare, education, and retail. Residents enjoy easy driving access to the vibrant Dallas-Fort Worth area for a world-class plethora of entertainment options. Broker of Record, Brian Brockman, Bang Realty-Texas Inc., Lic #701472.

FOR SALE DETAILS

PRICE

$1,305,876 USD

PRICE/SF

$144 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Relocation Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Fast Food, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

04220018005

ASK ABOUT THIS PROPERTY

Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

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Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

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