11455 Toepperwein RdLive Oak, TX 78233

For Sale
$1,126,400

High-yield, low-risk retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a single-tenant, net-leased Dollar General shopping center in Live Oak, Texas. The property, located at 11455 Toepperwein Rd, 78233, boasts 9,014 square feet on a 0.92-acre lot and is 100% occupied by Dollar General, a highly reputable national retailer. Built in 2004, this Class B property benefits from a corporate guarantee lease with Dolgencorp of Texas, Inc., holding a BBB rating from Standard & Poor's and a Baa2 rating from Moody's. The current lease commenced July 1, 2004, and expires June 30, 2029, providing a remaining lease term of approximately 4.6 years. The lease includes 10% rent bumps per option period and one 5-year lease option. The property generates a strong net operating income (NOI) of $84,480, resulting in an attractive 7.50% cap rate. The asking price is $1,126,400. This investment offers a compelling combination of a stable, creditworthy tenant, a desirable location within a robust San Antonio economy, and a significant remaining lease term, making it an ideal addition to any portfolio. The strong financial performance of Dollar General, with 34 consecutive years of revenue growth and over 19,000 stores nationwide, further enhances the investment's appeal. The property's location in Bexar County, Texas, benefits from a diverse economy driven by healthcare, national defense, and tourism sectors.

Highlights

  • $1,126,400 asking price for a Net Leased Dollar General Shopping Center.
  • Strong corporate guarantee from Dolgencorp of Texas, Inc., rated BBB by S&P and Baa2 by Moody's.
  • Excellent location in Live Oak, TX, benefiting from San Antonio's diverse economy.
  • 9,014 square feet on a 0.92-acre lot, built in 2004.
  • 7.50% cap rate with a $84,480 NOI.
  • 100% occupancy with a remaining lease term of 4.6 years, expiring 6/30/2029, including 1, 5-year lease options with 10% rent bumps per option period.

Property Details for 11455 Toepperwein Rd

Property type
Lifestyle centers, Power centers
Square Feet
9,014 SF
Class
B
Year Built
2004
Buildings
1
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Live Oak
County
Bexar
State
Texas
Latitude
29.541408757259
Longitude
-98.339040881398
11455 Toepperwein Rd, Live Oak, Texas

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11455 Toepperwein Rd
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