For Sale
602 South Commerce Street
602 South Commerce Street, Overton, TX 75684
- The tenant currently has over 5 years remaining with 3 (5-year) options to extend, demonstrating their commitment to the site
- The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
- DG is paying 25% less rent in this 10,640 prototype DG Plus store than the newer stores the exact same size in similar locations
- The low rent along with the larger prototype structure provides an investor with a secure long-term outlook for this investment with a 10% hedge for inflation each five-year option
- The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,345 locations in 47 states as of August 2024
- The asset is located along S. Commerce St., which averages 4,700 vehicles passing by daily
- With extremely limited nearby competition, the subject property offers an immediate discount store option for highway travelers and locals alike
- The site is in close proximity to Overton Secondary School (257 students), further increasing consumer traffic to the immediate trade area
- Overton is home to the Texas A&M Agricultural Research Center
- The asset has excellent visibility via significant street frontage and a large pylon sign
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Contacts
Jaime Salazar
SRS Real Estate Partners
Patrick Nutt
SRS Real Estate Partners
William Wamble
SRS Real Estate Partners
Building Details
- For Sale $1,401,000
- Property Type Retail
- Property Size 10,640 SF
- Lot Size 1.26 Acre
- Cap Rate % 6.75
- Date Updated May 12, 2026
- Visibility/Traffic Count (VPD) 4,700
Getting Around
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Walk Score ®
Car-Dependent (37) -
Bike Score ®
Somewhat Bikeable (28)
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Location
- City Overton, TX
- Zip Code 75684
- Market Dallas Fort Worth
Points of Interest
Valero
0.29 miles
Exxon
0.30 miles
Shell
9.00 miles
602 South Commerce Street Listing Summary
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What is the asking price at 602 South Commerce Street?
602 South Commerce Street is currently listed for sale at Contact for pricing.
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What is the total size of 602 South Commerce Street?
602 South Commerce Street has a total of 10,640 square feet.
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