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38914 W Mile 7 Rd
9,026 SF Retail Building Penitas, TX 78576 £1,160,927 (£129/SF) 6% Net Initial Yield
Investment Highlights
- 10+ years remaining on the original corporate guaranteed NNN lease. National Credit Tenant with S&P credit ratings BBB.
- Fifth largest MSA in Texas | Metro population of 888,370 in 2022.
- Located very close to Middle and Elementary School, ensuring great traffic frontage.
- Built-in rent Growth: Lease include five (5), 5 year renewal option to extend the lease with 10% rental increase each option.
- Positioned in a high-visibility area along a main thoroughfare.
Executive Summary
Strategically located along a high-traffic corridor in Penitas, TX, offering excellent visibility and accessibility.
Penitas is part of the fast-growing Rio Grande Valley region, benefiting from significant infrastructure investments and a burgeoning residential population. The location’s proximity to key trade and logistics hubs further enhances its investment appeal. The property features a well-established tenant with a strong national brand presence, offering stable cash flow and long-term growth potential. Dollar General is one of the nation’s leading retailers, operating over 19,000 locations across the U.S. The property benefits from a corporate-guaranteed NNN lease, minimizing landlord responsibilities and ensuring reliable income. Dollar General is a recession-resistant retailer providing essential goods to the local community. The store caters to a wide customer base, ensuring consistent foot traffic and strong sales performance. The property has a long-term lease in place, with options for extensions, providing stable and predictable cash flow. This Dollar General property offers the ideal combination of security, stability, and growth in a dynamic market. Don’t miss this exceptional investment opportunity. Check out Offering Memorandum for more information.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Retailer
- 9,026 SF
- £7.73
- NNN
- Jun 2034
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 | 9,026 SF | £7.73 | NNN | Jun 2034 |
PROPERTY TAXES
Parcel Number | P9279-01-000-0029-00 | Improvements Assessment | £429,324 |
Land Assessment | £142,508 | Total Assessment | £571,833 |
PROPERTY TAXES
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38914 W Mile 7 Rd
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