Dollar General Market Rice, TX

206 Southwest McKinney Street
Rice, TX

Price: $2,642,000
Cap Rate: 6.35%
NOI: $167,717
Building Size: Approx. 12,768 Sq. Ft.
Lot Size: Approx. 1.837 Acres
Type: Single-Tenant / Retail
Sub Category: Dollar Store
Year Built: 2024

Investment Overview

  • 2024 Construction. 12,768+/- SF Building on 1.837+/- Acre Site
  • Brand New 15-Year Corporate NNN Lease w/ 5% Rental Increases Every Option Period & (5) 5-Year Options to Renew
  • Subject Property Is Located on Interstate 45 (52,800+ Vehicles Per Day), the Highway that Connects the Cities of Dallas and Houston
  • Located Under 2 Miles From Rice ISD, Three Campuses that Serve 963 Students
  • Texas Is the Second-Largest State in the United States by Both Area and Population
  • Dollar General Has an S&P BBB Rating and Is Ranked #91 on the Fortune 500 List
  • Rice | 40 Miles from Dallas, TX | Population: 1,118+