Dollar General for Sale in Raymondville, TX
Raymondville, TX
Key Investment Metrics
Price
$701,250
Cap Rate
8.0%
Net Operating Income
$56,100
Building Size
9100 SF
Land Area
0.81 Acres
Remaining Term
2.2 years
Lease Expiration
09/30/2028
Lease Term
25 years
Lease Commencement
10/01/2003
Lease Type
NN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2003
Tenancy
Single
Rent Increases
In Option Periods
Property overview
Dollar General in Raymondville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,100 SF
- Land area
- 0.81 acres
- Year built
- 2003
- Lease type
- NN
- Lease expiration
- 09/30/2028
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.