For Sale
$2,679,615

0 Fabens Rd & Citizen Transfer Sta RdFabens, TX 79838

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a newly constructed (2025) Dollar General Market in Fabens, Texas. The property boasts a 12,774 square foot building situated on a 2.17-acre lot at the intersection of Fabens Road and Citizen Transfer Station Road, zip code 79838. The property is strategically located, benefiting from high traffic counts exceeding 9,000 vehicles daily on Alameda Ave (FM 793). The absolute NNN lease with Dollar General, a nationally recognized retailer operating over 20,000 stores, provides significant security and stability. The lease commenced February 5th, 2025, and has a remaining term of 15.3 years, expiring February 29th, 2040. Rent increases of 5% every 5 years are built into the lease, ensuring consistent income growth. The property's Net Operating Income (NOI) is $182,213, yielding a 6.80% cap rate at an asking price of $2,679,615 ($209.77 per square foot). The strong demographics of the area, with over 9,000 residents within a 5-mile radius, further enhance the investment's appeal. The property's proximity to Fabens Airport adds to its convenience and accessibility. This is a fee-simple ownership opportunity with a credit-rated tenant and corporate guarantee. The lease includes five (5), 5-year options with 5% rent bumps.

Highlights

  • New 2025 Dollar General Market with a 15-year absolute NNN lease.
  • Lease includes attractive 5% rental increases every 5 years.
  • High-traffic location on Alameda Ave (FM 793), exceeding 9,000 vehicles daily.
  • Strong corporate guarantee from Dollar General, a national retailer operating over 20,000 stores.
  • Excellent demographics, serving a 5-mile radius with over 9,000 residents.
  • Conveniently located less than half a mile from Fabens Airport.

Property Details for 0 Fabens Rd & Citizen Transfer Sta Rd

Property type
Specialty properties, Retail properties
Square Feet
12,774 SF
Year Built
2025
Buildings
1
Lot Size (sq. ft)
94,525 SF
Units
1

Location Insight

City
Fabens
County
El Paso
State
Texas
Latitude
31.512633875872
Longitude
-106.14464692776
Fabens Rd & Citizen Transfer Sta Rd, Fabens, Texas

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0 Fabens Rd & Citizen Transfer Sta Rd
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