Dollar General for Sale in Gilmer, TX
Gilmer, TX
Key Investment Metrics
Price
$700,000
Cap Rate
7.1%
Net Operating Income
$49,550
Building Size
12500 SF
Land Area
1.39 Acres
Remaining Term
3.8 years
Lease Expiration
10/31/2029
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
1960
Tenancy
Single
Property overview
Dollar General in Gilmer
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 12,500 SF
- Land area
- 1.39 acres
- Year built
- 1960
- Lease type
- NN
- Lease expiration
- 10/31/2029
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.