400 Patrick St Dublin, TX 76446

This exceptional investment opportunity presents a fee-simple ownership of a Dollar General storefront located at 400 S Patrick St, Dublin, Texas, 76446. The property boasts a 9,014 square foot building situated on a 0.96-acre lot. Built in 2009 and extensively renovated in 2022, this property offers a strong, credit-rated tenant with a corporate guarantee. Dollar General holds a long-term net lease (NN) with a lease commencement date of January 21, 2009, and an expiration date of September 30, 2031, providing a remaining lease term of approximately 6.9 years. The lease includes three 5-year renewal options with a 10% rent increase at each renewal. The current annual net operating income (NOI) is $97,020, resulting in a 7.50% capitalization rate. The property's asking price is $1,294,000, translating to a price per square foot of $144. The property benefits from a 100% occupancy rate since its opening in January 2009. This location is strategically positioned within a retail corridor and serves a population of nearly 10,000 within a 10-mile radius, boasting an average household income of $68,000. This is a 1031 exchange eligible property.