For Sale
$3,078,461

122 Hl Rd Anderson, TX 77830

High-Yield NNN Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a portfolio of two Dollar General convenience stores located in Anderson and Gardendale, Texas. Both properties boast 100% occupancy under absolute NNN leases with a corporate guarantee, eliminating landlord responsibilities. The 15-year primary lease terms commenced October 1, 2020, and expire October 1, 2035, leaving a substantial 10.9 years remaining. Each lease includes three five-year renewal options with a 10% rent increase at each option period. The portfolio generates a strong net operating income (NOI) of $200,100, resulting in an attractive 6.50% cap rate. The properties, built in 2020, are single-story buildings situated on commercially zoned land. The asking price for this exceptional package is $3,078,461. This is a rare opportunity to acquire a stable, high-yielding retail investment in the tax-free state of Texas. The portfolio consists of two separate buildings, each a Dollar General store, offering diversification and reduced risk. This is a turnkey investment ideal for passive income seekers.

Highlights

  • $3,078,461 asking price for a two-property Dollar General portfolio in Texas.
  • Absolute NNN net lease with zero landlord responsibilities.
  • Corporate guarantee on both 15-year leases, with 10.9 years remaining.
  • 6.50% cap rate based on a combined NOI of $200,100.
  • 10% rent bumps in each of the three (5-year) lease options.

Property Details for 122 Hl Rd

Property type
Retail properties, Retail space
Year Built
2020
Buildings
2
Stories
1

Location Insight

City
Anderson
County
Grimes
State
Texas
Latitude
30.5269315
Longitude
-96.0255738

FAQs

What type of property is this?
Retail property - High-Yield NNN Retail Investment
Where is the retail property located?
The property is located at 122 Hl Rd Anderson, TX.
What is the asking price?
The asking price for this property is $3,078,461.
What are key features of this property?
This property features: $3,078,461 asking price for a two-property Dollar General portfolio in Texas.; Absolute NNN net lease with zero landlord responsibilities.; Corporate guarantee on both 15-year leases, with 10.9 years remaining.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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122 Hl Rd
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