It is a supermarket for sale in Lubbock, Texas. Description
The total area of a single-storey building is 836 m².
The plot of 4,128 m².
The supermarket was constructed in 2004 and now is in good condition.
The property is fully leased out to a major tenant.
Absolute income is 68,115 $.
The current yield of 7%.
The tenant is Dollar General.
Dollar General was founded in 1939 and now has more than 12,000 branches in 43 states. The company's annual turnover exceeds $20 billion.
The lease agreement was signed for 10 years until 2014 with extension options for 3x5 years. At the moment the first option comes to an end. The second and third extension options will provide 12% and 10% indexation of rental rate.