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Dollar General

401 S Pecan St, Lampasas, TX 76550

Listing Price: $348,387

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
4.0
Gross SF
8,704
Guarantor
Corporate Guarantee
Rentable SF
8,704
Price/Gross SF
$40.03
Lease Type
Double Net
Rent Per Square Feet
$3.10

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 401 S Pecan St. in Lampasas, Texas. The investment is being offered at $348,387 which represents a 7.75% cap rate.

The 8,704 sq. ft. building is in the heart of Lampasas, Texas in front of the historic county courthouse. The double net lease has 4.2 years remaining due to a recent lease extension. Dollar General has been a tenant at this location since 1998 and has shown continued commitment to site. There is one 5-year lease renewal options with 10% rental increase. Landlord Responsibilities are limited to roof, structure, and HVAC with the tenant incurring the costs of any minor repair up to $500 per occurrence.

Lampasas is located 70-miles from Austin, the capital of Texas. The subject property is in a nationally registered historic district surrounded by a variety of national retail tenants, furthermore, its in an income tax free state. There are more than 5,000 people within 1-miles with a projected 4.91 % population growth through 2025.

Investment Highlights

  • Recent lease extension- Commitment to site
  • Strategically located in Downtown Lampasas
  • NN lease with 4.2 years remaining
  • Building same size as Lot- No CAM
  • 1 Hour away from the Austin, TX

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Listing Price: $348,387

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
4.0
Gross SF
8,704
Guarantor
Corporate Guarantee
Rentable SF
8,704
Price/Gross SF
$40.03
Lease Type
Double Net
Rent Per Square Feet
$3.10

Investment Highlights

  • Recent lease extension- Commitment to site
  • Strategically located in Downtown Lampasas
  • NN lease with 4.2 years remaining
  • Building same size as Lot- No CAM
  • 1 Hour away from the Austin, TX

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 401 S Pecan St. in Lampasas, Texas. The investment is being offered at $348,387 which represents a 7.75% cap rate.

The 8,704 sq. ft. building is in the heart of Lampasas, Texas in front of the historic county courthouse. The double net lease has 4.2 years remaining due to a recent lease extension. Dollar General has been a tenant at this location since 1998 and has shown continued commitment to site. There is one 5-year lease renewal options with 10% rental increase. Landlord Responsibilities are limited to roof, structure, and HVAC with the tenant incurring the costs of any minor repair up to $500 per occurrence.

Lampasas is located 70-miles from Austin, the capital of Texas. The subject property is in a nationally registered historic district surrounded by a variety of national retail tenants, furthermore, its in an income tax free state. There are more than 5,000 people within 1-miles with a projected 4.91 % population growth through 2025.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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