Private Investor Acquires Dollar General Property In Georgetown, TX At 5.25% Cap Rate
1310 Westinghouse Rd Georgetown, TX 78626, USA
Building Size
10,566 SF
Asset Type
Retail
Closing
Aug 20, 2023
About this deal
AI
A newly built Dollar General property in Georgetown, TX, has been sold by Jack Collins of Northmarq's Chicago office to a private investor. The single-tenant property spans 10,566 sq. ft. and is strategically located in a fast-growing suburb less than 30 minutes from Austin. The transaction took place at a 5.25% cap rate.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Georgetown
- Square Footage: 10,566 sq. ft.
- Acres: 1.32 acres
Jack Collins, a representative of Northmarq, facilitated the sale of the Dollar General property in Georgetown. The transaction involved a private investor as the buyer. Collins from Northmarq's Chicago office provided expertise in the deal, which concluded with a 5.25% cap rate.
Players
Georgetown Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93