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303 W W M Watson Blvd
Daingerfield, TX 75638

$1,677,419 USD

Storefront For Sale  •  2,010 SF

Property Details

  • Property Type Storefront
  • Total Building Size 2,010 SF
  • Lot Size 0.88 AC
  • Building Class C
  • Year Built 1987
  • Cap Rate 7.75 %
  • Tenancy Multiple
  • Zoning C
0 Transit Score
43 Walk Score

Highlights

Corporate guaranteed Absolute Triple Net (NNN) investment with 19 years remaining on the lease with 2% annual rent escalations.
Prime location directly off HWY 11, conveniently positioning this property for optimal accessibility and convenience to HWY 11 and HWY 259.
Convenience store includes an operating Subway, providing multiple sources of revenue.
Nearby national tenants include Dollar General, Walgreens, Tractor Supply Co., O'Reilly Auto Parts, and Jiffy Lube.
Subject property recently renovated with a new Phillips 66 canopy and signage and four updated MPDs.
The tenant is currently partnered with 76, Valero, Exxon, Mobil, Travel Centers of America, TA Express, VP Racing, and Marathon.
Cap Rate: 7.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Corporate 2,010 SF 1/1/2045
Jake Mahon 843-517-8165 Sands Investment Group
Jake Mahon 843-517-8165 Sands Investment Group