Department Store
(Dollar General ) 2310 Priddy Rd
2310 Priddy Rd, Goldthwaite, TX 76844
Listing Price: $846,000
Investment Overview
Marcus & Millichap is delighted to introduce an investment opportunity in Goldthwaite, Texas, featuring a single-tenant Modified Net-Net-Net (NNN) Dollar General property. This listing offers a blend of stability and growth potential, with over 3.5 years remaining on the lease from Dollar General, a company recognized for its operational strength and rated BBB by S&P. The tenant is paying significantly below market rent currently at $0.54 per square foot per month. The lease includes renewal options with incremental rent increases, providing a hedge against inflation. Additionally, the property has recently undergone upgrades, including a new roof with a 20-year warranty, which minimizes future maintenance expenses.
This Dollar General holds a unique market position as the sole convenience-focused store within a 20-mile radius, ensuring a consistent customer base. The presence of a DG Market in town, which focuses on different product categories, complements rather than competes with this location. Goldthwaite’s advantageous location between Austin and Waco supports a robust local economy, driven by agriculture, small businesses, and tourism, enriched by its cultural heritage.
Investing in this property means more than financial returns; it represents a stake in a community where tradition meets economic opportunity. The Modified NNN lease structure simplifies property management responsibilities, making it an attractive option for investors seeking a low-maintenance investment with a hedge against inflation.
(Dollar General ) 2310 Priddy Rd
Investment Highlights
- Single Tenant NNN Dollar General: 3.5+ Years Term Remaining (Modified NNN) with Minimal Landlord Responsibilities | Brand New Roof with 20 Year Warranty.
- Excellent Hedge Against Inflation & Taxes | Fee Simple Ownership: Three 5-Year Options with Rental Increases at Each Option Period.
- Significantly Below Market Rent: Dollar General is Paying $0.54 per Square Foot Per Month at this Location.
- Proven Operational Success: The Subject Dollar General Boasts an Impressive 20-Year Operating History Demonstrating Successful Operations at the Location.
- Investment Grade Tenant: S&P Rated BBB | Dollar General is Rated BBB by S&P and Focuses On Providing a Diverse Range of Products at Low Prices, Primarily Serving Low-To Middle-Income Customers. Dollar General Consistently Ranks Among Fortune 500 Companies. It Operates Over 20,000 Stores Across 48 United States, States (Excluding Alaska and Hawaii) and is Actively Expanding its Presence.
- Limited Internal Competition – Essential Use: The Subject Property is the Only Dollar General Convenience Only Store in a 20-Mile Radius. Located in the Northern Neighborhood of the City, a New DG Market Opened in 2023 on the South Side of Town Focused on Grocery Sales.
- Historic Texas City with Rich Heritage: Goldthwaite, Texas, is a Small City Located in Mills County, Approximately 120 Miles Northwest of Austin and 70 Miles Southwest of Waco. The Local Economy is Primarily Driven by Agriculture, Ranching, and Small Businesses, with Tourism Bolstered by Various Community Events, Including Festivals and Rodeos that Celebrate its Cultural Heritage.
Exclusively Listed By
Broker of Record
Listing Price: $846,000
Investment Highlights
- Single Tenant NNN Dollar General: 3.5+ Years Term Remaining (Modified NNN) with Minimal Landlord Responsibilities | Brand New Roof with 20 Year Warranty.
- Excellent Hedge Against Inflation & Taxes | Fee Simple Ownership: Three 5-Year Options with Rental Increases at Each Option Period.
- Significantly Below Market Rent: Dollar General is Paying $0.54 per Square Foot Per Month at this Location.
- Proven Operational Success: The Subject Dollar General Boasts an Impressive 20-Year Operating History Demonstrating Successful Operations at the Location.
- Investment Grade Tenant: S&P Rated BBB | Dollar General is Rated BBB by S&P and Focuses On Providing a Diverse Range of Products at Low Prices, Primarily Serving Low-To Middle-Income Customers. Dollar General Consistently Ranks Among Fortune 500 Companies. It Operates Over 20,000 Stores Across 48 United States, States (Excluding Alaska and Hawaii) and is Actively Expanding its Presence.
- Limited Internal Competition – Essential Use: The Subject Property is the Only Dollar General Convenience Only Store in a 20-Mile Radius. Located in the Northern Neighborhood of the City, a New DG Market Opened in 2023 on the South Side of Town Focused on Grocery Sales.
- Historic Texas City with Rich Heritage: Goldthwaite, Texas, is a Small City Located in Mills County, Approximately 120 Miles Northwest of Austin and 70 Miles Southwest of Waco. The Local Economy is Primarily Driven by Agriculture, Ranching, and Small Businesses, with Tourism Bolstered by Various Community Events, Including Festivals and Rodeos that Celebrate its Cultural Heritage.
Investment Overview
Marcus & Millichap is delighted to introduce an investment opportunity in Goldthwaite, Texas, featuring a single-tenant Modified Net-Net-Net (NNN) Dollar General property. This listing offers a blend of stability and growth potential, with over 3.5 years remaining on the lease from Dollar General, a company recognized for its operational strength and rated BBB by S&P. The tenant is paying significantly below market rent currently at $0.54 per square foot per month. The lease includes renewal options with incremental rent increases, providing a hedge against inflation. Additionally, the property has recently undergone upgrades, including a new roof with a 20-year warranty, which minimizes future maintenance expenses. This Dollar General holds a unique market position as the sole convenience-focused store within a 20-mile radius, ensuring a consistent customer base. The presence of a DG Market in town, which focuses on different product categories, complements rather than competes with this location. Goldthwaite’s advantageous location between Austin and Waco supports a robust local economy, driven by agriculture, small businesses, and tourism, enriched by its cultural heritage. Investing in this property means more than financial returns; it represents a stake in a community where tradition meets economic opportunity. The Modified NNN lease structure simplifies property management responsibilities, making it an attractive option for investors seeking a low-maintenance investment with a hedge against inflation.
Exclusively Listed By
Broker of Record
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