4651 Sublett RdArlington, TX 76017

For Sale
$1,550,000

High-yield Dollar General investment. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
Offered for sale is a prime retail investment opportunity: a 9,510-square-foot Dollar General storefront in Arlington, Texas. This single-tenant, net-lease property boasts a strong corporate guarantee from a Fortune 500 company (Dollar General Corporation, rated BBB by S&P). The lease, originally commencing September 2, 2009, has a remaining term of approximately 5.8 years, with three additional 5-year renewal options, each including a 10% rent increase. The property sits on a sizable 1.13-acre lot, providing ample parking and multiple access points. Its excellent visibility is enhanced by its location on Sublett Road (16,319 vehicles per day) near US 287 (86,427 vehicles per day). The surrounding area demonstrates strong demographics, with over 214,178 residents within a five-mile radius and an average household income exceeding $110,488. This location benefits from its proximity to Sublett Marketplace, featuring national retailers such as Kroger, LA Fitness, Chick-fil-A, Whataburger, and Starbucks, further enhancing its appeal and accessibility. The property's current Net Operating Income (NOI) is $96,868, resulting in a 6.25% cap rate, based on the asking price of $1,550,000. Built in 2010, this property presents a compelling investment opportunity with a secure tenant, long-term lease, and strong location characteristics.

Highlights

  • Recent 5-year lease extension demonstrates strong tenant commitment.
  • Dollar General NNN lease with approximately six years remaining.
  • High-visibility location on Sublett Road (16,319 VPD) near US 287 (86,427 VPD).
  • Strong demographics: Over 214,178 residents within five miles, average household income $110,488.
  • Excellent location on Highway 287 between Fort Worth and Dallas, near Sublett Marketplace with Kroger, LA Fitness, and other national tenants.
  • Large 1.13-acre site with ample parking and multiple access points.

Property Details for 4651 Sublett Rd

Property type
Other retail properties, Individual retail properties
Square Feet
9,510 SF
Year Built
2010
Lot Size (sq. ft)
49,223 SF
Units
1

Location Insight

City
Arlington
County
Tarrant
State
Texas
Latitude
32.64764583623
Longitude
-97.181580513797
4651 Sublett Rd, Arlington, Texas

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4651 Sublett Rd
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