Dollar General for Sale in Lancaster, TX
Lancaster, TX
Key Investment Metrics
Price
$1,060,062
Cap Rate
6.5%
Net Operating Income
$68,907
Building Size
8125 SF
Land Area
0.73 Acres
Remaining Term
4.6 years
Lease Expiration
02/28/2031
Lease Term
25 years
Lease Commencement
03/01/2006
Lease Type
NN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2006
Occupancy
100%
Tenancy
Single
Rent Increases
10% In Each Option
Property overview
Dollar General in Lancaster
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 8,125 SF
- Land area
- 0.73 acres
- Year built
- 2006
- Lease type
- NN
- Lease expiration
- 02/28/2031
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.