New Development Texas Dollar General - 61K 5-Mile Population

4715 Grape Creek Road San Angelo, TX 76903

4715 Grape Creek Road, San Angelo, TX, 76903
4715 Grape Creek Road, San Angelo, TX, 76903 4715 Grape Creek Road, San Angelo, TX, 76903 4715 Grape Creek Road, San Angelo, TX, 76903 4715 Grape Creek Road, San Angelo, TX, 76903
FOR SALE
Property Type:
Free Standing Building
Amount:
$2,193,795
Last Verified:
Aug 24, 2022

Highlights

  • New Development Texas Dollar General With Over 14.5 Years Remaining on Primary Term
  • "Plus" Size 10,640 SF Store Prototype Built to Accommodate Higher Projected Sales Volume
  • Healthy Growth Rate Projected in the Next 5 Years of Over 5% in a 1-Mile Radius
  • Densely Populated 5-Mile Radius With Nearly 62,000 Residents
  • Across the Street From the Foster Communications Coliseum - Home of the San Angelo Stock Show and Rodeo, One of the Longest Running Rodeos in the World
  • San Angelo is Home to Angelo State University, Which is the Second Largest Campus in the Texas Tech System
  • Dollar General is an Investment Grade Tenant With an S&P Credit Rating of BBB (the Same as Walgreens)

Description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a new development Dollar General in San Angelo, TX. Rent commenced in July of 2022, leaving 14.5 years remaining on primary term.

TBD


Year Built: 2022
Building Size: 10640sq ft
Lot Size: 2.13 acres


Documents

Offering Memorandum

Map of 4715 Grape Creek Road, San Angelo, TX, 76903

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.