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2024 S Eddy St, Pecos, TX, 79772

Dollar General
$444,631

Key Information

Cap Rate
9.5%
$ per SF
$27
Year Built
1983
Term Remaining
±2.75 YRS
Type
Retail
Leasable Area
15,000

Highlights

  • Long-Term Dollar General Tenancy – (Since 1999) Dollar General has operated at this location for over 25 years, demonstrating exceptional store stability and sales performance.
  • Corporate Guarantee Lease – Guaranteed by DolgenCorp of Texas, Inc., a subsidiary of Dollar General Corporation (BBB credit rating).
  • Double Net (NN) Lease – Minimal Landlord Responsibilities. Tenant handles interior/exterior maintenance, HVAC, plumbing, electrical, and utilities — resulting in predictable, low-touch ownership.
  • Rent Below Market – With Upcoming 15% Option Increase Current rent: $3,520/month ($42,240 annually). Next 5-year option features a 15% rent bump, bringing NOI to $48,576.
  • High-Performing Store Ranking – The store ranks in the top 17% of all Dollar General stores in Texas and top 19% nationally.
  • Strong Retail Fundamentals – Located on S. Eddy Street, which sees 11,500 vehicles per day, serving a growing trade area with increasing population and strong household incomes.
  • Recent Capital Improvements
    • New Paving (2017)
    • New HVAC (2016)
  • Proven Discount Retail Location – Pecos, TX continues to show solid population growth and limited competing discount retail in the immediate trade area.

Michael Tamir, Kevin Puder, Chad Kurz in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225