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Dollar General

1604 8th St., Wellington, TX 79095

Listing Price: $255,082

Cap Rate
8.50%
Tenant Name
Dollar General
Years Remaining On Lease
1.8
Gross SF
20,784
Guarantor
Corporate Guarantee
Rentable SF
20,784
Price/Gross SF
$12.27
Lease Type
Double Net
Rent Per Square Feet
$1.14

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 1604 8th Street in Wellington, Texas. The investment is being offered at $255,082 which represents an 8.50% cap rate.

The 20,784 sq. ft. building is in Wellington, Texas. The double net lease has 2 years remaining on the lease. 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 option remaining with a 10% increase in rent. Landlord Responsibilities are limited to roof, structure, and CAM with the tenant incurring the costs of any minor repair up to $500 per occurrence.

Wellington is located 105-miles from Amarilla, Texas, it has the ideal rural demographics for a discount store, and its in an income tax free state. The subject property has corner visibility of U.S. highway 83 with a traffic count of over 4,000 vehicles per day. U.S. route 83 is a major northsouth United States numbered highway that extends 1,885 miles in the central United States. There is a population of 1,900 + in the 1-mile radius.

Investment Highlights

  • Double Net - 2 Years Remaining
  • Upside with lease negotiations
  • Low price point, high yield opportunity

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Listing Price: $255,082

Cap Rate
8.50%
Tenant Name
Dollar General
Years Remaining On Lease
1.8
Gross SF
20,784
Guarantor
Corporate Guarantee
Rentable SF
20,784
Price/Gross SF
$12.27
Lease Type
Double Net
Rent Per Square Feet
$1.14

Investment Highlights

  • Double Net - 2 Years Remaining
  • Upside with lease negotiations
  • Low price point, high yield opportunity

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 1604 8th Street in Wellington, Texas. The investment is being offered at $255,082 which represents an 8.50% cap rate.

The 20,784 sq. ft. building is in Wellington, Texas. The double net lease has 2 years remaining on the lease. 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 option remaining with a 10% increase in rent. Landlord Responsibilities are limited to roof, structure, and CAM with the tenant incurring the costs of any minor repair up to $500 per occurrence.

Wellington is located 105-miles from Amarilla, Texas, it has the ideal rural demographics for a discount store, and its in an income tax free state. The subject property has corner visibility of U.S. highway 83 with a traffic count of over 4,000 vehicles per day. U.S. route 83 is a major northsouth United States numbered highway that extends 1,885 miles in the central United States. There is a population of 1,900 + in the 1-mile radius.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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