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207 US Hwy 271 N, Gilmer, TX, 75644

Dollar General

$700,000

Key Information

Cap Rate
7.08%
$ per SF
$56
Tot. SF
12,500
Lot Size
1.39 Acres
Year Built
1960 / 2000 (r)
Term Remaining
± 3 Years
Type
Retail
Occupancy
100%
NOI
$49,550

Highlights

• Short-Term Value-Add Opportunity – Approximately 3 years of lease term remaining with no renewal options, creating a potential redevelopment, repositioning, or re-tenanting opportunity upon lease expiration.
• Corporate Lease Guaranty – Lease is backed by a corporate guarantor, providing reliable income during the remaining term.
• Attractive In-Place Cash Flow – Property generates approximately $49,550 in annual Net Operating Income (NOI).
• Strategic Highway Location – Situated along US Highway 271 in Gilmer, Texas, with exposure to approximately 23,200 vehicles per day, offering strong visibility and accessibility.
• Established Retail Corridor – Located near several national and regional retailers, including Taco Bell, Jack in the Box, Phillips 66, and a Ford dealership, driving consistent consumer traffic to the area.
• Large Land Position – The property consists of approximately 1.39 AC, providing flexibility for future redevelopment or alternative site uses.
• Substantial Building Improvements – Features approximately 12,500 SF of gross leasable area (GLA), offering a significant existing improvement footprint.
• Redevelopment Potential – The lack of tenant renewal options allows investors to capitalize on future market rents, pursue adaptive reuse, or redevelop the site to maximize value.
• NN Lease Structure – Operates under a Net Lease (NN) structure, limiting landlord responsibilities and reducing operating expense exposure.
• Strong Future Upside – Investors benefit from current income while maintaining the flexibility to unlock additional value through lease-up, redevelopment, or disposition strategies at lease expiration.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204