Dollar General & Storefront Retail
The EngVest Group is pleased to present the rare opportunity to acquire a two-property portfolio in Ballinger, Texas, consisting of a Dollar General with a strong corporate guarantee and an adjacent retail storefront—ideal for an owner-user or a value-add investor. This offering delivers an attractive mix of stable, long-term income from a national investment-grade tenant (Dollar General Corporation, S&P: BBB) alongside a flexible retail space that can be leased for additional upside or occupied by an owner-operator. The Dollar General features approximately 5½ years remaining on a NN fee-simple lease with minimal landlord responsibilities, ensuring dependable cash flow and reduced management demands. The property has been recently renovated, including a brand-new roof, HVAC units, and water heater, underscoring the tenant’s commitment to the location. As the only dollar store within a 15-mile radius, this store benefits from a loyal, captive customer base and is well-positioned to continue performing as an essential retailer resilient to economic downturns, e-commerce disruption, and shifting consumer trends.
Highlights:
• Ideal for a Potential Owner User or Potential Investors Seeking to Add-Value
• 5 ½ Years Remaining on NN Fee-Simple Lease – Minimal Landlord Responsibilities
• Dollar General Corporation (S&P: BBB) – Strong Corporate Guarantee from a National, Investment-Grade Tenant
• Recently Renovated – Brand New Roof, HVAC Units, and Water Heater
• Only Dollar Store in a 15-Mile Radius – Captive Customer Base
• Essential Retailer – Proven Resilience to Economic Downturns, E-Commerce, and Pandemics
• Attractive Low Price Point – Accessible Entry for Investors Seeking Strong Yield with National Credit & Priced Well Below Replacement Cost
• High Visibility and Hard Corner Location on Hutchings Ave (Hwy 67) That Sees 10,760+ CPD
- Property type
- Retail
- Building size
- 17,640 SF GLA
- Lot size
- 0.5427 acres
- Year built
- 1910
- Cap rate
- 10.98%
- NOI
- $53,394