1200 W Dove Ave - Freestanding FOR SALE


McAllen, TX 78504- Downtown McAllen
$1,125,000 USD
954-703-3602
1200 W Dove Ave, McAllen, TX for Sale
$1,125,000 USD
Freestanding - FOR SALE
1/6
null | 7.15% Cap Rate

1200 W Dove Ave
McAllen, TX 78504
Downtown McAllen


HIGHLIGHTS

  • 5+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Placer AI
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near Signalized, Hard Corner Intersection | Plaza Las Fuentes | Dense Retail Corridor | Driscoll Children’s Hospital
  • Dollar General Corporation Reports Q2 2024 Results

OVERVIEW

• Dollar General has 5+ years remaining on their current lease with 3 (5-year) options to extend • The lease features 10% rental increases at the beginning of each option • The market rent in the area is $22 Sq/ft vs the property rent $9.00 Sq/ft • The site is a Top 40% Dollar General (Placer.AI) • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,345 location as of August 2024

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,342 SF

ZONING

C-3

APN/PARCEL ID

D6111-00-000-0001-00

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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