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Dollar General Absolute NNN Lease 611 Grant Ave

7,500 SF Retail Building Strawn, TX 76475 £987,572 (£132/SF) 6.35% Net Initial Yield

Investment Highlights

  • 9+ Years Remaining on a 15 Year Lease
  • 2019 Construction
  • Absolute NNN Lease (Zero Landlord Responsibilities)
  • Three (5) Yr. Options to Renew at 10% each Option Period

Executive Summary

New lease and construction as of 2019. Over nine years remaining on a 15 year lease. Three (5) year options to renewal at 10% each option period. Absolute Triple Net Corporate Guaranteed Lease. For more details, download the Offering Memorandum from the Property Website https://property.creop.com/41975/

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
7,500 SF
Building Class
B
Year Built
2019
Price
£987,572
Price Per SF
£132
Net Initial Yield
6.35%
NOI
£62,711
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
0.92 AC
Parking
4.1 Spaces per 1,000 SF Leased
Frontage
200 ft on Grant Ave.

Amenities

  • Pylon Sign

Links

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PROPERTY TAXES

Parcel Number 3031 Improvements Assessment £600,552
Land Assessment £25,988 Total Assessment £626,540

PROPERTY TAXES

Parcel Number
3031
Land Assessment
£25,988
Improvements Assessment
£600,552
Total Assessment
£626,540
(949) 930-6292

  • Listing ID: 33933093

  • Date on Market: 20/11/2024

  • Last Updated:

  • Address: 611 Grant Ave, Strawn, TX 76475

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© 2024 CoStar Group

Dollar General Absolute NNN Lease | 611 Grant Ave
(949) 930-6292 x

Dollar General Absolute NNN Lease | 611 Grant Ave

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John Gessford

(949) 930-6292

(949) 930-6292

Constance Esposito

(949) 355-4464

(949) 355-4464

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