342 South Saint Augustine Drive
Dallas, TX
Price:
$1,570,000
Cap Rate:
6.00%
NOI:
$94,199
Building Size:
Approx. 7,500 Sq. Ft.
Lot Size:
Approx. 0.71 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2019
Investment Overview
- 2019 Construction. 7,500+/- SF Building on 0.71+/- Acre Site
- 8+ Years Remaining on Corp. Absolute NNN Lease w/ (3) 5-Year Options to Renew. 10% Rental Increases Option Periods
- 8 miles Southeast of Dallas, TX, located off of US 175 (72,200+ VPD) on St. Augustine Dr (6,700+ VPD)
- Excellent Demographics & Demand Drivers – 194,491 Residents w/in 5-Miles w/ Avg. HH Income of $79,106; 6 Schools w/in 1 Mile (4k+ Students)
- Dallas-Fort Worth (DFW) Metroplex is the Largest Metropolitan Area in Texas and the fourth-largest in the United States
- 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
- Dallas | 3rd Fastest-Growing Metro in the U.S. | MSA Population: 8.3M