Dollar General - Net Lease Property for Sale
Gilmer, TX
Key Investment Metrics
Price
$700,000
Cap Rate
7.1%
Net Operating Income
$49,550
Building Size
12500 SF
Lot Size
12,500 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
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in Gilmer, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 12500 square feet of building space and was built in 1960.
With a cap rate of 7.1%, this Dollar General net lease property offers stable income potential. The asking price is $700,000, making it an attractive option for 1031 exchange investors seeking quality Dollar General commercial properties.
Why Invest in Dollar General NNN Properties?
- Stable Income: Dollar General net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Gilmer, TX Market Overview
Located in Gilmer, TX, this Dollar General property benefits from strong local demographics and market fundamentals. The Gilmer area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.