Skip to main content

Discount

Dollar General Floydada

319 N 2nd St, Floydada, TX 79235

Listing Price: $1,300,000

Cap Rate
6.13%
Tenant Name
Dollar General
Years Remaining On Lease
3.9
Gross SF
7,501
Guarantor
Corporate Guarantee
Rentable SF
7,501
Price/Gross SF
$173.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.62

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Floydada, Texas. This building was constructed in 2000, has 7,501 rentable square feet for business, and is on a 0.85-acre lot. The property sits on the highly-visible corner of a major thoroughfare with two easily-accessible parking entrances. Located in Floydada, Texas, in a rural town outside of the hustle and bustle of major grocery stores, the Dollar General is ideally positioned to service the needs of the city. A new buyer would have minimal landlord responsibilities with this triple net property, and there are 10% increases for each option period exercised by Dollar General. Floydada, Texas is a rural community of more than 3,000 residents within a five-mile radius. Located less than an hour from Floydada is Lubbock, TX, which is an up-and-coming mid-sized metro city. With a population of over 250,000 people and a growing workforce, Lubbock ranked among the top ten mid-sized metros in economic growth potential, according to Business Facilities Annual Metro Rankings.

Investment Highlights

  • 10% Increases Each Option Period
  • Minimal Landlord Responsibilities
  • Ideal Location for a Dollar General
  • Located less than an Hour from Lubbock, TX

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Discount

Dollar General Floydada

Listing Price: $1,300,000

Cap Rate
6.13%
Tenant Name
Dollar General
Years Remaining On Lease
3.9
Gross SF
7,501
Guarantor
Corporate Guarantee
Rentable SF
7,501
Price/Gross SF
$173.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.62

Investment Highlights

  • 10% Increases Each Option Period
  • Minimal Landlord Responsibilities
  • Ideal Location for a Dollar General
  • Located less than an Hour from Lubbock, TX

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Floydada, Texas. This building was constructed in 2000, has 7,501 rentable square feet for business, and is on a 0.85-acre lot. The property sits on the highly-visible corner of a major thoroughfare with two easily-accessible parking entrances. Located in Floydada, Texas, in a rural town outside of the hustle and bustle of major grocery stores, the Dollar General is ideally positioned to service the needs of the city. A new buyer would have minimal landlord responsibilities with this triple net property, and there are 10% increases for each option period exercised by Dollar General. Floydada, Texas is a rural community of more than 3,000 residents within a five-mile radius. Located less than an hour from Floydada is Lubbock, TX, which is an up-and-coming mid-sized metro city. With a population of over 250,000 people and a growing workforce, Lubbock ranked among the top ten mid-sized metros in economic growth potential, according to Business Facilities Annual Metro Rankings.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

MM Texture Background
MM Textured Background Lower