619 W Corsicana St - Freestanding FOR SALE


Athens, TX 75751
$1,880,000 USD
949-903-3399
619 W Corsicana St, Athens, TX for Sale
$1,880,000 USD
Freestanding - FOR SALE
1/4
null | 6.99% Cap Rate

619 W Corsicana St
Athens, TX 75751


HIGHLIGHTS

  • Dollar General Corp. (NYSE: DG) - Rated “BBB” by Standard & Poor’s Investment Grade
  • Corporate Guaranty – Absolute NNN Lease – Zero Landlord Responsibilities
  • 3 - 5 Year Option Periods – 10% Increases Every Option Period
  • Located on a Large 1.12 Acre Lot - Tax Free State - Texas - High Growth & Demand

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant Absolute NNN investment fully leased to Dollar General on a corporate guaranteed lease. With approximately 2.7 years remaining and 3 – 5 year option periods, the subject property provides stable cash flow with zero landlord responsibilities and 10% rental increases every option period. This is a rare opportunity to purchase an investment grade credit tenant in a tax free state, with zero landlord responsibilities. Dollar General Corp. (NYSE: DG) is a discount retailer that offers consumables, seasonal, home products, and apparel. Dollar General Corp. posts over $40.6 Billion in Revenue, over $30.988 Billion in Total Assets, and an investment grade rating of “BBB” by Standard and Poor’s. There are more than 20,000 locations in 48 states and territories and is headquartered in Goodlettsville, TN. Dollar General has been in operation for over 85 years and is one of the strongest discount retailers in the US. National Credit Tenants - Pride of Ownership.

FOR SALE DETAILS

PRICE

$1,880,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

6.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

2050-0084-0010-01

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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