#1 Most Visited DG In 10 Mi Abs NNN Increases | 510 S Virginia St
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#1 Most Visited DG In 10 Mi Abs NNN Increases 510 S Virginia St
9,100 SF Retail Building Terrell, TX 75160 £1,004,577 (£110/SF) 7% Net Initial Yield
Investment Highlights
- According to Placer AI, Dollar General is the #1 most visited in a 10-mile radius and is the top 84% nationwide.
- This site underwent a remodel in 2023 indicating the tenant's commitment to the location.
- Over 7 million square feet of industrial space within 4 miles of the Property.
- The 3-mile population has grown 17.5% since 2020 and is expected to grow an additional 49.95% by 2029.
- 570 Multi-Family units have been built within 4 miles of the property in the last 3 years.
Executive Summary
Pharma Property Group is pleased to market for sale the Dollar General property located at 510 South Virginia Street in Terrell, Texas ("The Property"). Dollar General has been successfully operating at this location for 9 years and has approximately 6 years of firm lease term remaining. The lease has 3 (5-year) options, with 10% increases at the beginning of each option. Dollar General is on an absolute net lease with zero landlord responsibilities whatsoever.
According to Placer.AI, the Subject Property is the #1 most visited Dollar General in Terrell (10-mile radius) and in the 84th percentile for foot traffic nationwide. Strategically located as the closest Dollar General to Airport Business Park, the Property curates a strong customer base from the 150-acre employment centers with 4,500+ employees.
The Property benefits from being located in a rapidly growing industrial market with over 7 million square feet of industrial space in a 4 mile radius. Terrell serves as a major distribution hub for several Fortune 500 companies including Walmart, Auto Zone, and Nucor.
Terrell has seen steady population growth over the last five years to accommodate the growing employment demand. Within 3 miles of the Subject Property, the population has grown 17.5% since 2020 and is expected to grow an additional 49.95% by 2029.
Listed in association with Brian Brockman, 513-898-1551, wg@bangreatly.com, TX DRE Lic. #701472.
According to Placer.AI, the Subject Property is the #1 most visited Dollar General in Terrell (10-mile radius) and in the 84th percentile for foot traffic nationwide. Strategically located as the closest Dollar General to Airport Business Park, the Property curates a strong customer base from the 150-acre employment centers with 4,500+ employees.
The Property benefits from being located in a rapidly growing industrial market with over 7 million square feet of industrial space in a 4 mile radius. Terrell serves as a major distribution hub for several Fortune 500 companies including Walmart, Auto Zone, and Nucor.
Terrell has seen steady population growth over the last five years to accommodate the growing employment demand. Within 3 miles of the Subject Property, the population has grown 17.5% since 2020 and is expected to grow an additional 49.95% by 2029.
Listed in association with Brian Brockman, 513-898-1551, wg@bangreatly.com, TX DRE Lic. #701472.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2015
Price
£1,004,577
Price Per SF
£110
Net Initial Yield
7%
NOI
£70,320
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Lot Size
1.28 AC
Opportunity Zone
Yes
Parking
22 Spaces (2.41 Spaces per 1,000 SF Leased)
Frontage
117 ft on S Virginia St
Amenities
- Pylon Sign
1 of 4
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#1 Most Visited DG In 10 Mi Abs NNN Increases | 510 S Virginia St
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