Investment Overview

Marcus & Millichap is proud to exclusively offer for sale the Dollar General at 2851 North Main Street, Mansfield, Texas 76063. The investment is $2,230,000, representing a 5.0 percent capitalization rate. The beautifully designed 9,100 -square-foot building sits on a hard corner in the heart of Mansfield, Texas. The absolute net lease has nine years remaining on the lease with an additional (5) five-year options to renew the lease with 10% rent increases within each. Mansfield, Texas, is one of the best places to live in all of Texas. This suburb is within the Dallas-Fort Worth metroplex, considered one of America's fastest-growing metros. According to the U.S. Census Bureau, Dallas-Fort Worth saw the biggest population gain from 2020-2021, breaking the 8 million resident mark for the region. Furthermore, based on Rice University's Kinder Institute of Urban Research, the Dallas-Fort Worth MSA will cross the 10 million resident mark in the 2030s, allowing the market to surpass Chicago as the third largest metro in all of America. The subject property is uniquely positioned to be a prime beneficiary for this growth. There are over 172,000 residents within 5 miles of the store, with an average household income of $116,000.There are also over 11,000 vehicles passing the site each day. There currently is an abundance of new developments and capital around the region, from the Bloomfield Homes at Triple Diamond to new retail developments. This Dollar General plays a huge part in the community, providing an affordable shopping outlet for the 3,500 residents within a mile of the store.