405 N Minter Ave - Retail FOR SALE


Throckmorton, TX 76483
$1,300,000 USD
713-805-0510
405 N Minter Ave, Throckmorton, TX for Sale
$1,300,000 USD
Retail - FOR SALE
1/12
null | 6.29% Cap Rate

405 N Minter Ave
Throckmorton, TX 76483


HIGHLIGHTS

  • Reliable income stream with a current Net Operating Income (NOI) representing a strong 6.3% Cap Rate.
  • 8 years into a 15-year lease, with the added security of (3) 5-year extension options.
  • Dollar General (NYSE: DG) is a publicly traded, investment-grade rated company , providing a strong corporate guarantee.
  • Dollar Genearal is an Essential Retailer in a Rural Market serving as an essential provider of everyday goods.
  • The attractive listing price presents a compelling opportunity to acquire a well-located, income-producing asset with a national credit tenant.

OVERVIEW

This ABSOLUTE NNN offering provides an excellent opportunity for investors seeking a low-management, credit-backed retail asset with long-term lease security in a market where Dollar General serves as a critical community resource. Throckmorton, the county seat of Throckmorton County, is a close-knit community in North Central Texas. While a smaller community (population approximately 765 in 2023), Dollar General plays a crucial role in providing convenient access to a wide range of products for local residents. The economic outlook for Throckmorton County shows some interesting dynamics, with recent data indicating a significant increase in real GDP. For additional information, please contact Susie Griswold at 417-554-1119 or Susie@susiegriswold.com

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

Commercial

APN/PARCEL ID

0003495

ASK ABOUT THIS PROPERTY

Clara MattoxMarlowe Commercial GroupMore Info
713-805-0510

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Clara MattoxMarlowe Commercial GroupMore Info
713-805-0510

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