Available Properties
Dollar General – Kingsville, TX
- Kingsville, TX
Listing Broker
Corbin Montpas
- corbin@amcreis.com
- (586) 200-0041
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Property Details
- Sale Price:
- Cap rate:
- Term Remaining:
- Lease Type:
- Lease Guarantee:
- 7.00%
- 10.5 years
- NNN Lease
Highlights
- Located on W King Ave in Kingsville, TX, with 13,100 vehicles per day (VPD) traffic counts ensuring high visibility and accessibility.
- Newly built in 2020 with a full brick construction, providing a modern and durable structure.
- NNN Lease with 10.5 years remaining on the original 15-year term, reducing the landlord's management responsibilities as the tenant is responsible for insurance, property taxes, and maintenance.
- Fixed 10% rent increases every 5 years during the lease renewal options, ensuring steady income growth over time.
- Dollar General, a Fortune 500 company, is the tenant, offering a reliable income stream backed by a credit- worthy tenant with over 21,000 locations nationwide.
- Situated near Texas A&M University-Kingsville, which drives consistent foot traffic and economic activity in the area.
- Kingsville has a diverse economy, with strong sectors in agriculture, education, healthcare, and tourism, supporting the property’s long-term value.
- Population within a 10-mile radius of 32,846, ensuring a solid customer base for Dollar General.
Sale Description
AMC Real Estate Investment Services is pleased to present a prime investment opportunity: a net lease (NNN) Dollar General property located at 206 W King Ave, Kingsville, TX. This property offers a 7% cap rate with a long-term lease in place—10.5 years remaining—and 5 (5-year) options with scheduled rent increases. As a true NNN lease, the tenant is responsible for all property expenses, ensuring zero landlord responsibilities. Strategically located near Texas A&M University, this store benefits from a strong local economy and proximity to a major educational institution, making it an attractive addition to any investment portfolio.
Location
Demographics
| Radius from site | population | average income |
|---|---|---|
|
3 Mile |
25,563 |
$57,120 |
|
5 Mile |
26,256 |
$57,563 |
|
10 Mile |
32,846 |
$60,484 |
