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Dollar General

4325 N 10th St, Abilene, TX 79603

Listing Price: $2,101,000

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
12.8
Gross SF
9,002
Guarantor
Corporate Guarantee
Rentable SF
9,002
Price/Gross SF
$233.39
Lease Type
Absolute Net
Rent Per Square Feet
$11.09

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dollar General in Abilene, Texas. The property consists of a 9,002-square-foot, freestanding building that sits on approximately 1.06 acres of land. There are approximately 13 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter. The property is located at the signalized hard corner of North 10th Street and North Pioneer Drive, where combined traffic counts exceed 14,598 vehicles per day. The area is extremely dense with more than 98,830 residents within a five-mile radius. Surrounding retailers in the immediate area include McCoy’s Building Store, Walgreens, CVS, McDonald’s, 7-Eleven, Whataburger, Taco Bell and many more. Abilene is home to three private universities, six public universities, community colleges, and Dyess Air Force Base.

Investment Highlights

  • Upgraded Corner Entry Store Prototype
  • Absolute Net Lease with Approximately 13 Years Remaining
  • Signalized Hard Corner Location on North 10th Street and North Pioneer Drive (14,598 VPD)
  • Less than 1 Mile from Two Major Routes - U.S. Highway 83 (33,902 VPD) and Interstate Business Route 20 (18,269 VPD)
  • More than 98,830 Residents Within a Five-Mile Radius
  • Investment Grade Tenant (S&P: BBB)
  • Abilene is Home to Abilene Christian University (5,293 Students Enrolled) and Dyess Air Force Base ($3.8 Billion Economic Impact)

Exclusively Listed By

Financing By

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Dollar General

Listing Price: $2,101,000

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
12.8
Gross SF
9,002
Guarantor
Corporate Guarantee
Rentable SF
9,002
Price/Gross SF
$233.39
Lease Type
Absolute Net
Rent Per Square Feet
$11.09

Investment Highlights

  • Upgraded Corner Entry Store Prototype
  • Absolute Net Lease with Approximately 13 Years Remaining
  • Signalized Hard Corner Location on North 10th Street and North Pioneer Drive (14,598 VPD)
  • Less than 1 Mile from Two Major Routes - U.S. Highway 83 (33,902 VPD) and Interstate Business Route 20 (18,269 VPD)
  • More than 98,830 Residents Within a Five-Mile Radius
  • Investment Grade Tenant (S&P: BBB)
  • Abilene is Home to Abilene Christian University (5,293 Students Enrolled) and Dyess Air Force Base ($3.8 Billion Economic Impact)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dollar General in Abilene, Texas. The property consists of a 9,002-square-foot, freestanding building that sits on approximately 1.06 acres of land. There are approximately 13 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter. The property is located at the signalized hard corner of North 10th Street and North Pioneer Drive, where combined traffic counts exceed 14,598 vehicles per day. The area is extremely dense with more than 98,830 residents within a five-mile radius. Surrounding retailers in the immediate area include McCoy’s Building Store, Walgreens, CVS, McDonald’s, 7-Eleven, Whataburger, Taco Bell and many more. Abilene is home to three private universities, six public universities, community colleges, and Dyess Air Force Base.

Exclusively Listed By

Financing By

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