Dollar General Gorman, TX

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+