510 S Virginia St - Freestanding FOR SALE


Terrell, TX 75160
$1,253,371 USD
619-297-0055
510 S Virginia St, Terrell, TX for Sale
$1,253,371 USD
Freestanding - FOR SALE
1/3
null | 7% Cap Rate

510 S Virginia St
Terrell, TX 75160


HIGHLIGHTS

  • According to Placer AI, Dollar General is the #1 most visited in a 10-mile radius and is the top 84% nationwide.
  • The 3-mile population has grown 17.5% since 2020 and is expected to grow an additional 49.95% by 2029.
  • This site underwent a remodel in 2023 indicating the tenant's commitment to the location.
  • 570 Multi-Family units have been built within 4 miles of the property in the last 3 years.
  • Over 7 million square feet of industrial space within 4 miles of the Property.

OVERVIEW

Pharma Property Group is pleased to market for sale the Dollar General property located at 510 South Virginia Street in Terrell, Texas ("The Property"). Dollar General has been successfully operating at this location for 9 years and has approximately 6 years of firm lease term remaining. The lease has 3 (5-year) options, with 10% increases at the beginning of each option. Dollar General is on an absolute net lease with zero landlord responsibilities whatsoever. According to Placer.AI, the Subject Property is the #1 most visited Dollar General in Terrell (10-mile radius) and in the 84th percentile for foot traffic nationwide. Strategically located as the closest Dollar General to Airport Business Park, the Property curates a strong customer base from the 150-acre employment centers with 4,500+ employees. The Property benefits from being located in a rapidly growing industrial market with over 7 million square feet of industrial space in a 4 mile radius. Terrell serves as a major distribution hub for several Fortune 500 companies including Walmart, Auto Zone, and Nucor. Terrell has seen steady population growth over the last five years to accommodate the growing employment demand. Within 3 miles of the Subject Property, the population has grown 17.5% since 2020 and is expected to grow an additional 49.95% by 2029. Listed in association with Brian Brockman, 513-898-1551, wg@bangreatly.com, TX DRE Lic. #701472.

FOR SALE DETAILS

PRICE

$1,253,371 USD

PRICE/SF

$138 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

#1 Most Visited DG In 10 Mi Abs NNN Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

-

APN/PARCEL ID

40052

ASK ABOUT THIS PROPERTY

Chris BarryPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Chris BarryPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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