13056 Gholson Rd
Waco, TX
Price:
$1,449,000
Cap Rate:
6.25%
NOI:
$90,534
Building Size:
Approx. 9,100 Sq. Ft.
Lot Size:
Approx. 1.24 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2019
Investment Overview
- 2019 Construction. 9,100+/- SF Building on 1.24+/- Acre Site
- 8+ Years Remaining on Corp. Absolute NNN Lease w/ (3) 5-Year Options to Renew. 10% Rental Increases Option Periods
- 10 miles Northwest of Downtown Waco, TX, Located on a Main Thoroughfare Connecting to I-35 (79k+ VPD)
- Limited Competition – This Dollar General is One of Only Two Grocery Options in the Immediate Area
- Waco, TX Is Halfway Between Dallas and Austin and Consistently Ranks in the Top 10 for Highest Job Growth in Texas
- Dollar General, a Fortune 500 Company and One of the Largest Discount Retailers in the U.S. Operates Over 20,400 Stores Across 47 States
- Waco | Home to Baylor University (20,824+ Students) | Population: 148,292