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Dollar General 2028 S Eddy St

9,856 SF 100% Leased Retail Building Pecos, TX 79772 £312,537 (£32/SF) 8.58% Net Initial Yield

Investment Highlights

  • Ownership Consists of the Dollar General & Parking Lot in Front of DG
  • Three Mile Household Income $76,391
  • 10,251 Cars Per Day on S. Eddy Street
  • UPDATES INCLUDE: New Roof in 2020, New Paving in 2017, New HVAC in 2016
  • Ten Mile Population 12,263
  • Only 2 Miles from the Pecos Municipal Airport

Executive Summary

Fortis Net Lease is pleased to present this brand new 9,856 SF. Dollar General store located in Pecos, Texas in a strip center with 3 other tenants (DG also uses an area for storage purposes so full space SF is around 15,210). The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains One (5 year) option to renew with a 15% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has been operating successfully since rent commenced in 1999.
This Dollar General is highly visible as it is strategically positioned on S. Eddy Street which sees 10,251 cars per day. It is surrounded by residential homes & local businesses. The ten mile population from the site is 12,263 while the three mile average household income $76,391 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 8.58% cap rate based on NOI of $34,221.
Cooperating Broker: Brian Brockman | Bang Realty

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,856 SF
Building Class
C
Year Built
1983
Price
£312,537
Price Per SF
£32
Net Initial Yield
8.58%
NOI
£26,805
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.23
Lot Size
1.00 AC
Zoning
C-1 - Commercial
Parking
36 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
74 ft on West Normandy Street

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0011187
Land Assessment
£36,619
Improvements Assessment
£229,670
Total Assessment
£266,289
  • Listing ID: 33636212

  • Date on Market: 25/10/2024

  • Last Updated:

  • Address: 2028 S Eddy St, Pecos, TX 79772

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