INDEX
DOLLAR-GENERAL
RETAIL
FOR SALE
FOR SALE
Dollar General Net Lease — McAllen
3210 N 23rd St, McAllen, TX, 78501
ASKING
$1.85M
6.95% CAP
— LISTING ADVISOR
Pedro Armando
Principal · PA Real Estate
TYPE
Retail
TRANSACTION
For Sale
BUILDING SF
9,100 SF
LAND
1.1 AC
YEAR BUILT
2021
CAP RATE
6.95%
NOI
$128,575
OCCUPANCY
100%
TENANTS
1
Asset summary.
◉ DOLLAR-GENERAL
New construction Dollar General with 13.5 years of primary term remaining. Absolute NNN. Corporate guarantee from Dollar General Corp. Stable RGV submarket.
— Investment Highlights
01Absolute NNN, zero landlord responsibilities
0213.5 years primary remaining
03Corporate guarantee — Dollar General
04New 2021 construction
Year-one numbers.
Underwritten from rent roll and trailing 12 operating statements. Full T-12, rent roll, and PSA available in data room.
GROSS SCHEDULED RENT$160,719
OPERATING EXPENSES($32,144)
NET OPERATING INCOME$128,575
ASKING PRICE$1.85M
CAP RATE6.95%
— Location