Dollar General for Sale in Lufkin, TX
Lufkin, TX
Key Investment Metrics
Price
$1,214,836
Cap Rate
8.3%
Net Operating Income
$100,224
Building Size
9026 SF
Land Area
1.35 Acres
Remaining Term
3 years
Lease Expiration
03/31/2029
Lease Term
15 years
Lease Commencement
03/16/2014
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2014
Occupancy
100%
Tenancy
Single
Rent Increases
10% in Options
Property overview
Dollar General in Lufkin
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,026 SF
- Land area
- 1.35 acres
- Year built
- 2014
- Lease type
- Absolute NNN
- Lease expiration
- 03/31/2029
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.