401 E Forgey St
Blooming Grove, TX
Price:
$1,725,000
Cap Rate:
5.65%
NOI:
$97,444
Building Size:
Approx. 9,100 Sq. Ft.
Lot Size:
Approx. 1.525 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2021
Investment Overview
- 2021 Construction. 9,100+/- SF Building on 1.525+/- Acre Site
- Brand New 15-Year Corp. Absolute NNN Lease 10% Rent Increase Every 5 Yrs
- Strategically Located in the Heart of Blooming Grove Adjacent to City Hall
- Near Blooming Grove High School, Junior High and Elementary Schools
- Tenant is an Amazon Resistant Retailer Experiencing Explosive Growth
- Dollar General Plans to Open 1,050 New Locations in 2021
- Blooming Grove | 50 Miles SE of DFW Metroplex | 15 Miles from Corsicana