2115 Priddy Rd - Freestanding FOR SALE


Goldthwaite, TX 76844
$846,000 USD
818-823-0832
2115 Priddy Rd, Goldthwaite, TX for Sale
$846,000 USD
Freestanding - FOR SALE
1/13
null | 7% Cap Rate

2115 Priddy Rd
Goldthwaite, TX 76844


HIGHLIGHTS

  • Single Tenant NNN Dollar General: 3.5+ Years Term Remaining (Modified NNN) with Minimal Landlord Responsibilities
  • Excellent Hedge Against Inflation & Taxes | Fee Simple Ownership: Three 5-Year Options with Rental Increases at Each Option Period.
  • Brand New Roof with 20 Year Warranty
  • Significantly Below Market Rent: Dollar General is Paying $0.54 per Square Foot Per Month at this Location.
  • Proven Operational Success: The Subject Dollar General Boasts an Impressive 20-Year Operating History Demonstrating Successful Operations at the Locat
  • Limited Internal Competition – Essential Use: The Subject Property is the Only Dollar General Convenience Only Store in a 20-Mile Radius.

OVERVIEW

Marcus & Millichap is delighted to introduce an investment opportunity in Goldthwaite, Texas, featuring a single-tenant Modified Net-Net-Net (NNN) Dollar General property. This listing offers a blend of stability and growth potential, with over 3.5 years remaining on the lease from Dollar General, a company recognized for its operational strength and rated BBB by S&P. The tenant is paying significantly below market rent currently at $0.54 per square foot per month. The lease includes renewal options with incremental rent increases, providing a hedge against inflation. Additionally, the property has recently undergone upgrades, including a new roof with a 20-year warranty, which minimizes future maintenance expenses. This Dollar General holds a unique market position as the sole convenience-focused store within a 20-mile radius, ensuring a consistent customer base. The presence of a DG Market in town, which focuses on different product categories, complements rather than competes with this location. Goldthwaite’s advantageous location between Austin and Waco supports a robust local economy, driven by agriculture, small businesses, and tourism, enriched by its cultural heritage. Investing in this property means more than financial returns; it represents a stake in a community where tradition meets economic opportunity. The Modified NNN lease structure simplifies property management responsibilities, making it an attractive option for investors seeking a low-maintenance investment with a hedge against inflation.

FOR SALE DETAILS

PRICE

$846,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | New Roof | Below Market Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3.39 AC

LAND SF

147,668 SF

ZONING

C

APN/PARCEL ID

R000006505

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

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