13756 Main st - Freestanding FOR SALE


Chester, TX 75936
$2,030,092 USD
619-218-6427
13756 Main st, Chester, TX for Sale
$2,030,092 USD
Freestanding - FOR SALE
1/2
null | 6.5% Cap Rate

13756 Main st
Chester, TX 75936


HIGHLIGHTS

  • Brand New 2024 High-Quality Construction
  • New 15-Year Absolute NNN Lease (Zero Landlord Responsibilities)
  • Rare 5% Rent Increases Every 5-Years in Primary Term & Options
  • Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
  • Excellent Visibility & Access on Main Street
  • Average Household Income Exceeds $85,000 (10-Mile Radius)

OVERVIEW

The subject property is a newly constructed freestanding Dollar General located in Chester (Outside Beaumont), TX. The new 15-year absolute NNN lease includes rare 5% rental increases every 5-years in the primary lease term and in the (5) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's. This location benefits from its excellent visibility and frontage on Main Street, a major thoroughfare through Chester, TX, which boasts over 3,500 vehicles per day. The 5-mile population surrounding this site has expected growth of 2.70% over the next 5-years and average household income exceeds $85,000 within a 10-mile radius. This Dollar General is in the heart of downtown Chester, TX, approximately 71 miles to downtown Beaumont, TX and roughly 100 miles to downtown Houston, TX. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

FOR SALE DETAILS

PRICE

$2,030,092 USD

PRICE/SF

$191 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | New 15-Year Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

R1207

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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