Dollar General
Closed4019 State Hwy 30, W, Huntsville, TX 77340
Property type
Retail
Price
$1,200,000
Building size
9,100 sf
Rentable area
9,100 SF
Year built
2017
Year renovated
Occupancy
Zoning code
Lot size
1.50 Acres
Sold/status
Sold · Date unknown
Sale price
$1200000
CAP
7.79%
Net Operating Income
$93,525
Property description
Franklin Street is pleased to present this Dollar General location in Huntsville, TX. Huntsville is located 70 miles north of downtown Houston along Interstate 45. Huntsville is home to Sam Houston State University, the third oldest university in the state of Texas. Huntsville like most Texas cities is experiencing significant growth due to it's pro-business environment and no state income taxes. The location was built in 2017, with a new 15 year NNN lease. The site has great visibility on a busy highway leading into town, and is the only dollar store on the west side of town. Dollar General just finished it's 85th year in business and reported sales of $40.6B in 2024, with 20,594 locations at year end. This included a same store sales increase of 1.4% despite the challenges in the economy. The lease structure is set up to be a passive investment, as the tenant maintains all CAM, taxes, and insurance costs.
Property highlights
- 7 Years Remaining on Dollar General in Huntsville, TX
- Investment Grade Tenant: BBB rated by S&P 500
- Huntsville is Home to Sam Houston State University: 21,000+ Students
- Absolute NNN Lease With No Landlord Responsibilities
- 10% Rental Increases in Each Option Period
- Rent Number That is Significantly Below New Construction Locations: Average Rent For New Construction Dollar General's is $140,745
- Growing Population Surrounding The Site: 70,000+ Residents Within 15 Minute Drive