510 Virginia StTerrell, TX 75160

For Sale
$1,253,371

High-traffic, NNN-leased retail property.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 9,100 square foot Dollar General store located at 510 S Virginia St, Terrell, TX 75160. Boasting a 7.00% cap rate and a strong NOI of $87,736, this property offers significant return potential. The absolute NNN lease, with zero landlord responsibilities, ensures a passive income stream through September 30, 2030, with three 5-year lease options including 10% rent increases. Built in 2015 on a 1.28-acre lot, this location benefits from its status as the #1 most visited Dollar General within a 10-mile radius, placing it in the top 84th percentile nationally for foot traffic. Its strategic proximity to the Airport Business Park, a major employment center with over 4,500 employees, further enhances its appeal. The property thrives within a rapidly expanding industrial market, boasting over 7 million square feet of industrial space within a 4-mile radius. Terrell's robust growth is evident in the 17.5% population increase within a 3-mile radius since 2020, projected to rise another 49.95% by 2029. This growth is fueled by the presence of several Fortune 500 companies, including Walmart, AutoZone, and Nucor, establishing Terrell as a key distribution hub. The property also benefits from the recent construction of 570 multi-family units within a 4-mile radius. The tenant completed a remodel in 2023, demonstrating a long-term commitment to the location. This property represents a secure and lucrative investment in a high-growth market. Asking price: $1,253,371.

Highlights

  • Dollar General, the top-performing store within a 10-mile radius (nationally ranked in the top 84%), anchors the property.
  • Significant population growth: 17.5% increase since 2020, projected 49.95% growth by 2029 within a 3-mile radius.
  • Recent 2023 remodel demonstrates tenant commitment.
  • 570 multi-family units added within a 4-mile radius in the past three years.
  • Over 7 million square feet of industrial space within a 4-mile radius.

Property Details for 510 Virginia St

Property type
Other retail properties, Individual retail properties
Square Feet
9,100 SF
Year Built
2015
Lot Size (sq. ft)
55,757 SF

Location Insight

City
Terrell
County
Kaufman
State
Texas
Latitude
32.731987171241
Longitude
-96.275813917265
510 Virginia St, Terrell, Texas

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510 Virginia St
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