19700 FM740
Forney, TX
Price:
$1,985,950
Cap Rate:
5.85%
NOI:
$116,178
Building Size:
Approx. 10,640 Sq. Ft.
Lot Size:
Approx. 1.44 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2019
Investment Overview
- 2019 Construction. 10,640+/- SF Building on 1.44+/- Acre Site
- 15-Year Corporate Absolute NNN Lease, opening in early October 2019
- Strategically located along FM 740 (13,468 VPD), just 1.5-miles East of Lake Ray Hubbard in Forney, TX and only 22- miles East of downtown Dallas, TX
- Located outside of Travis Ranch, a single-family residential community located on over 1,500 acres and features over 1,500 homes with more currently under development
- Dollar General has experiences 29 straight years of same-store sales growth at the end of fiscal 2018
- As of the March 2019 earnings report, Dollar General’s fiscal 2018 revenues were $25.6 Billion