Dollar General – Kingsville, TX — photo 1 of 6 — Dollar General – Kingsville, TX

Retail – Discount / GroceryKingsville, TXCode AMC-4267

Dollar General – Kingsville, TX

Kingsville, TX

Status

Sold

Closed Feb 20, 2025 · Listed Sep 9, 2024

Sale price and cap rate are not disclosed. Property facts are shown as marketed.

Property details

Tenant: Dollar General
Property type: Retail – Discount / Grocery
Lease type: NNN Lease
Term remaining: 10.5 yrs
Rent increases & renewal options: Fixed 10% rent increases every 5 years during the lease renewal options, ensuring steady income growth over time.
Year built: 2020
Listing code: AMC-4267

Investment 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.

Published Sep 9, 2024. Information is provided by AMC REIS from sources believed reliable; buyers should verify all figures in the offering memorandum.