OFFERING SUMMARY
Price: $425,000
CAP Rate: 7.58%
Lease Type: Modified Gross
Guarantor: Corporate
Gross Leasable Area: 8,000 SF
Year Built: 1994
OFFERING HIGHLIGHTS
- Corporately Guaranteed Lease–Recent Early Extension
- Twenty-Five-Year Tenant Leased Through 2025 with Additional Option Remaining
- High-Traffic Location with Ideal Demographics for Tenant
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to present this corporately-guaranteed Dollar General in Fort Stockton, Texas. The property is located directly on U.S. Highway 285, a primary retail corridor that sees nearly fifteen thousand vehicles per day. Fort Stockton’s demographics are ideal for Dollar General, which has limited competition in the area and uniquely answers local demand for low-cost household staples. Dollar General has leased this location for over twenty-five years and recently executed an early extension to stay in the property through 2025, with an additional five-year option remaining.
