914 Austin St - Freestanding FOR SALE


Robert Lee, TX 76945
$2,374,141 USD
662-234-4044
914 Austin St, Robert Lee, TX for Sale
$2,374,141 USD
Freestanding - FOR SALE
1/4
null | 6.5% Cap Rate

914 Austin St
Robert Lee, TX 76945


HIGHLIGHTS

  • NNN Single Tenant Investment Opportunity
  • 15-Year Lease with Five (5), Five (5) Year Options
  • 5% Rent Increases Every 5 Years During the Initial Term and Each Option
  • Corporate Guarantee by Dollar General Corporation

OVERVIEW

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General store located in Robert Lee, TX. The subject property has a 15-year NNN lease with 5% rent increases every 5 years and a rent commencement date of August 27, 2024. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating. The Robert Lee Dollar General store is ideally located at 914 Austin St, between 9th and 10th Streets at the intersection of Highways 158 and 208. The site is located near the Mountain Creek Golf Club and the E.V. Spence Reservoir, a large artificial lake popular for fishing, camping, and boating just west of the city. Robert Lee is the county seat of Coke County, located approximately 31 miles north of San Angelo, TX and 67 miles southwest of Abilene, TX.

FOR SALE DETAILS

PRICE

$2,374,141 USD

PRICE/SF

$225 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Robert Lee, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

-

APN/PARCEL ID

110300000016000300000

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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