813-815 Hutchins Ave - Retail FOR SALE


Ballinger, TX 76821
$486,000 USD
469-916-8811
813-815 Hutchins Ave, Ballinger, TX for Sale
$486,000 USD
Retail - FOR SALE
1/15
null | 10.98% Cap Rate

813-815 Hutchins Ave
Ballinger, TX 76821


HIGHLIGHTS

  • Ideal for a Potential Owner User or Potential Investors Seeking to Add-Value
  • 5 Years Remaining on Modi?ed Net Lease with Minimal Landlord Responsibilities
  • Recently Renovated – Brand New Roof, HVAC Units, and Water Heater
  • Only Dollar Store in a 15-Mile Radius – Captive Customer Base
  • Attractive Low Price Point – Accessible Entry for Investors Seeking Strong Yield with National Credit & Priced Well Below Replacement Cost
  • High Visibility and Hard Corner Location on Hutchings Ave (Hwy 67) That Sees 10,760+ CPD

OVERVIEW

The EngVest Group is pleased to present the opportunity to acquire a unique two-property portfolio in Ballinger, Texas, consisting of a Dollar General with a strong corporate guarantee and an adjacent storefront retail building. This offering provides investors with stable cash ?ow from a nationally recognized investment-grade tenant while also presenting additional upside through the neighboring retail space, making it an ideal acquisition for both passive investors and owner-users. The properties may be purchased together or individually to accommodate a variety of investment strategies. The Dollar General is secured by 5 years remaining on a Modi?ed Net fee-simple lease and is backed by Dollar General Corporation (S&P: BBB), providing dependable income from one of the nation's leading discount retailers. Under the lease, the tenant is responsible for insurance and non-structural maintenance, while the landlord is responsible for the roof, structure, foundation, and real estate taxes. To further enhance the investment, the Seller will execute a 1-year Master Lease on the adjacent storefront retail space at closing, providing immediate rental income and allowing the future owner time to pursue a long-term leasing strategy or transition the space to an owner-user. The property has been recently renovated with a new roof, HVAC units, and water heater, demonstrating continued investment in the asset. As the only dollar store within a 15-mile radius, the location bene?ts from a captive customer base and serves as an essential retail destination that has consistently demonstrated resilience during economic downturns, the growth of e-commerce, and changing consumer spending habits. Strategically positioned on the hard corner of Hutchings Avenue (Highway 67) with more than 10,760 cars per day, the property enjoys outstanding visibility and convenient access. The surrounding area is anchored by numerous community and employment drivers, including the County Courthouse, hospital, schools, churches, warehouses, and other local businesses that support consistent consumer traf?c. With an attractive price point well below replacement cost, immediate income from both the Dollar General lease and the Seller Master Lease, and future value-add potential through the adjacent retail space, this portfolio represents a compelling opportunity for investors seeking stable cash ?ow, national credit tenancy, and long-term upside in a well-established Texas community.

FOR SALE DETAILS

PRICE

$486,000 USD

PRICE/SF

$31 USD /SF

CAP RATE

10.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

-

APN/PARCEL ID

R000008869,R000020191

ASK ABOUT THIS PROPERTY

Austin CheExp Commercial of California, Inc.More Info
469-916-8811

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Austin CheExp Commercial of California, Inc.More Info
469-916-8811

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