38914 W Mile 7 Rd - Freestanding FOR SALE


Penitas, TX 78576
$1,480,000 USD
949-339-8918
38914 W Mile 7 Rd, Penitas, TX for Sale
$1,480,000 USD
Freestanding - FOR SALE
1/13
null | 6% Cap Rate

38914 W Mile 7 Rd
Penitas, TX 78576


HIGHLIGHTS

  • 10+ years remaining on the original corporate guaranteed NNN lease. National Credit Tenant with S&P credit ratings BBB.
  • Built-in rent Growth: Lease include five (5), 5 year renewal option to extend the lease with 10% rental increase each option.
  • Fifth largest MSA in Texas | Metro population of 888,370 in 2022.
  • Positioned in a high-visibility area along a main thoroughfare.
  • Located very close to Middle and Elementary School, ensuring great traffic frontage.

OVERVIEW

An outstanding investment opportunity to acquire a standalone Dollar General store located in the rapidly growing city of Penitas, Texas. Strategically located along a high-traffic corridor in Penitas, TX, offering excellent visibility and accessibility. Penitas is part of the fast-growing Rio Grande Valley region, benefiting from significant infrastructure investments and a burgeoning residential population. The location’s proximity to key trade and logistics hubs further enhances its investment appeal. The property features a well-established tenant with a strong national brand presence, offering stable cash flow and long-term growth potential. Dollar General is one of the nation’s leading retailers, operating over 19,000 locations across the U.S. The property benefits from a corporate-guaranteed NNN lease, minimizing landlord responsibilities and ensuring reliable income. Dollar General is a recession-resistant retailer providing essential goods to the local community. The store caters to a wide customer base, ensuring consistent foot traffic and strong sales performance. The property has a long-term lease in place, with options for extensions, providing stable and predictable cash flow. This Dollar General property offers the ideal combination of security, stability, and growth in a dynamic market. Don’t miss this exceptional investment opportunity. Check out Offering Memorandum for more information.

FOR SALE DETAILS

PRICE

$1,480,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

CO

APN/PARCEL ID

P9279-01-000-0029-00

ASK ABOUT THIS PROPERTY

Raffaele SupranoCompass Land AdvisorsMore Info
949-339-8918

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Raffaele SupranoCompass Land AdvisorsMore Info
949-339-8918

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