3000 Military Parkway, Mesquite, TX
Retail for Sale - $943,000 - 9,014 Sq. Ft. on 1.09 acres


Property Info
CIMLS# | 433667 |
Location 3000 Military Parkway Mesquite TX 75149 | |
Updated | April 23rd, 2012 |
Type | Retail |
Price | $943,000 |
Building | 9,014 Sq. Ft. |
Land | 1.09 acres |
Property Description
Bull Realty brings this single tenant, net lease, Dollar General offering to market in the heavily populated area of Mesquite, TX, located in the Dallas/Ft. Worth MSA. This +/- 9,014 sq ft store, built in 2006 on a +/- 1.095 acre parcel is located east of Dallas, just inside of I-635. The immediate area has a large population of 118,430 with an average household income of $57,019. This high traffic location is outstanding real estate with traffic counts in excess of 18,680 vehicles per day.
The current annual rent for this location is $82,500 with minimal landlord responsibilities. The original 10 year lease guaranteed by Dollar General has 4 years remaining on the initial term plus three 5-year renewal options, each with a 12% increase in each option period. Dollar General has 10,000 locations throughout the US and is the largest discount “small box” retailer in the US. Their success is demonstrated by their BB+ rating with Standard & Poors and their consistent quarter over quarter stock earnings growth since going public in 2009.
This investment makes good sense to investors looking to diversify and gain solid returns. Offered at an attractive 8.7% cap rate, an investor will be able to take advantage of strong tenant fundamentals, ease of ownership with a net lease and own a real estate asset in a state with no state income tax!
Marketed in conjunction with Randy Reid of the Reid Company; 2140 Wycon Drive, Suite 201, Waco, TX 76712. TX License #333073.
Please contact Nancy or Sheree for additional details regarding this property.
Please Contact:
Nancy Miller, CCIM, MBA
NMiller@BullRealty.com
404.876.1640 x 118
Sheree Strome Berk, CCIM
SStrome@BullRealty.com
404.876.1640 x 122