316 Ector Street
Gorman, TX
Price:
$1,715,000
Cap Rate:
6.75%
NOI:
$115,758
Building Size:
Approx. 10,646 Sq. Ft.
Lot Size:
Approx. 1.478 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2023
Investment Overview
- 2023 Construction. 10,646+/- SF Building on 1.478+/- Acre Site
- Brand New 15-Yr Corporate NNN Lease w/ 10% Rental Increases in All (3), 5 Year Options to Extend
- Gorman is 60 Miles from Abilene and 80 Miles from Fort Worth
- There are 3 Airports Less Than an Hour Away from Subject Property
- E-Commerce Resistant Retailer Experiencing Explosive Growth
- Dollar General Added More Than 1,100 Stores in 2022 & Plan to Build 1,050 More in 2023
- Gorman | In the Top 10% of Texas Counties w/ Lowest Cost of Living | Population: 18,289+
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