5860 FM 616 - Supermarket FOR SALE


Vanderbilt, TX 77991
$1,268,487 USD
402-413-8527
5860 FM 616, Vanderbilt, TX for Sale
$1,268,487 USD
Supermarket - FOR SALE
1/1
null | 7% Cap Rate

5860 FM 616
Vanderbilt, TX 77991


HIGHLIGHTS

  • LOW PRICE POINT ABSOLUTE NNN - 9.8+ Years Remaining. 25 Years Renewal Options. Rent Increases Throughout
  • CLOSE ECONOMIC TIES TO VICTORIA AND PORT LAVACA - Regional Cener For Energy Infrastructure, Petrochemicals, Commercial Fishing, Healthcare, Tourism
  • ZERO LANDLORD RESPONSIBILITY. GUARANTEED CORPORATE LEASE - No Management Required. Passive Rental Income
  • NATIONAL INVESTMENT-GRADE TENANT [NYSE:DG] - #108 Fortune 500 Companies. $37B Revenue. S&P Investment Grade BBB

OVERVIEW

TOUCHSTONE COMMERCIAL PARTNERS is pleased to present a premier investment opportunity with the offering of a Dollar General Store in Vanderbilt, Texas. Constructed in 2019, this property features a lease guaranteed by Dollar General Corporation, running through November 2034, with five 5-year renewal options and 10% rent increases at each option. The lease is guaranteed by Dollar General Corporation which operates over 20,000 stores and has an impressive S&P investment-grade rating of BBB. Vanderbilt enjoys strong economic ties to the nearby hubs of Victoria and Port Lavaca. Victoria is a regional center for healthcare, education, manufacturing, and retail, driving a GDP exceeding $3 billion. Port Lavaca, with its significant deep-water ports, thrives on a diverse economy that includes shipping, energy infrastructure, petrochemicals, commercial fishing, and tourism. Broker of Record Bang Realty-Texas Inc., Lic #9007017

FOR SALE DETAILS

PRICE

$1,268,487 USD

PRICE/SF

$139 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | 7% Cap Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Drug Store, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

R23937

ASK ABOUT THIS PROPERTY

Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

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Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

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