Property Listing No Longer Available for Sale

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
UpdatedApril 23rd, 2012
TypeRetail
Price$943,000
Building9,014 Sq. Ft.
Land1.09 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



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