122 Hl RdAnderson, TX 77830
- Retail properties
Property Details for 122 Hl Rd
- Year built
- 2020
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Location Insight
- City
- Anderson
- County
- Grimes
- State
- Texas
- Latitude
- 30.5269
- Longitude
- -96.0256
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].