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.