This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

#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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
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
  • Listing ID: 33589319

  • Date on Market: 21/10/2024

  • Last Updated:

  • Address: 510 S Virginia St, Terrell, TX 75160

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}