2310 Priddy Road, Goldthwaite, TX 76844
Dollar General
Price:
Price / SF:
$846,000
$93
Year Built:
2005
Building Area:
Land Area:
Status:
9,100 SF
147,668 SF
Available
Single Tenant NNN Dollar General:
3.5+ Years Term Remaining (Modified NNN) with Minimal Landlord Responsibilities | Brand New Roof w/ 15 Year Warranty.
Excellent Hedge Against Inflation & Taxes | Fee Simple Ownership:
Three 5-Year Options w/ Rental Increases at Each Option Period.
Significantly Below Market Rent:
Dollar General is Paying $0.54 per SF Per Month at this Location.
Proven Operational Success:
The Subject Dollar General Boasts an Impressive 20-Year Operating History Demonstrating Successful Operations at the Location.
Investment Grade Tenant:
S&P Rated BBB | Dollar General is Rated BBB by S&P and Focuses On Providing a Diverse Range of Products at Low Prices, Primarily Serving Low-To Middle-Income Customers. Dollar General Consistently Ranks Among Fortune 500 Companies. It Operates Over 18,000 Stores Across 47 U.S. States (Excluding Alaska and Hawaii) and is Actively Expanding its Presence.
Limited Internal Competition – Essential Use:
The Subject Property is the Only Dollar General Convenience Only Store in a 20-Mile Radius. Located in the Northern Neighborhood of the City, a New DG Market Opened in 2023 on the South Side of Town Focused on Grocery Sales.
Historic Texas City with Rich Heritage:
Goldthwaite, Texas, is a Small City Located in Mills County, Approximately 120 Miles Northwest of Austin and 70 Miles Southwest of Waco. The Local Economy is Primarily Driven by Agriculture, Ranching, and Small Businesses, with Tourism Bolstered by Various Community Events, Including Festivals and Rodeos that Celebrate its Cultural Heritage.
The Ovaness-Rostamian Group of Marcus & Millichap is delighted to introduce an investment opportunity in Goldthwaite, Texas, featuring a single-tenant Modified Net-Net-Net (NNN) Dollar General property. This listing offers a blend of stability and growth potential, with over 3.5 years remaining on the lease from Dollar General, a company recognized for its operational strength and rated BBB by S&P. The tenant is paying significantly below market rent currently at $0.54 per square foot per month. The lease includes renewal options with incremental rent increases, providing a hedge against inflation. Additionally, the property has recently undergone upgrades, including a new roof with a 15-year warranty, which minimizes future maintenance expenses.
This Dollar General holds a unique market position as the sole convenience- focused store within a 20-mile radius, ensuring a consistent customer base. The presence of a DG Market in town, which focuses on different product categories, complements rather than competes with this location. Goldthwaite’s advantageous location between Austin and Waco supports a robust local economy, driven by agriculture, small businesses, and tourism, enriched by its cultural heritage.
Investing in this property means more than financial returns; it represents a stake in a community where tradition meets economic opportunity. The Modified NNN lease structure simplifies property management responsibilities, making it an attractive option for investors seeking a low-maintenance investment with a hedge against inflation.
ORBELL OVANESS
Senior Vice President
Managing Partner
Office: Los Angeles
Direct: (213) 943-1822 orbell.ovaness@marcusmillichap.com
License: CA 01402142
ARA H. ROSTAMIAN, MRED
Vice President
Managing Partner
Office: Los Angeles
Direct: (213) 943-1781
ara.rostamian@marcusmillichap.com
License: CA 01814678
TONY SOLOMON
Broker of Record
23975 Park Sorrento Suite 400,
Calabasas, CA 91302
License: CA 01238010