What is the asking price for 602 South Commerce Street?

The lease rate for space here is Contact for pricing.

What is the total size of 602 South Commerce Street?

The property has a total square footage of 10,640 SF.

Parking information for the property isn't currently listed.

The tenant currently has over 5 years remaining with 3 (5-year) options to extend, demonstrating their commitment to the site
The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
DG is paying 25% less rent in this 10,640 prototype DG Plus store than the newer stores the exact same size in similar locations
The low rent along with the larger prototype structure provides an investor with a secure long-term outlook for this investment with a 10% hedge for inflation each five-year option
The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,345 locations in 47 states as of August 2024
The asset is located along S. Commerce St., which averages 4,700 vehicles passing by daily
With extremely limited nearby competition, the subject property offers an immediate discount store option for highway travelers and locals alike
The site is in close proximity to Overton Secondary School (257 students), further increasing consumer traffic to the immediate trade area
Overton is home to the Texas A&M Agricultural Research Center
The asset has excellent visibility via significant street frontage and a large pylon sign