Map of Property

602 South Commerce Street

For Sale

602 South Commerce Street, Overton, TX 75684

This Overton property for sale is located at 602 South Commerce Street. The current listed sale price for 602 South Commerce Street is $1,401,000. 602 South Commerce Street is situated on a lot that is 1.26 acre in size.

Contacts

broker
Jamie Salazar

SRS Real Estate Partners

broker
Patrick Nutt

SRS Real Estate Partners

broker
William Wamble

SRS Real Estate Partners

Property Details

  • Property Type Retail
  • Property Size 10,640 SF
  • Lot Size 1.26 Acre
  • Cap Rate % 6.75
  • Date Updated Aug 27, 2025
  • Visibility/Traffic Count (VPD) 4,700
  • 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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Getting around

  • 37/100

    Walk Score ®

  • 28/100

    Bike Score ®

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Location

  • City Overton, TX
  • Zip Code 75684
  • Market Dallas Fort Worth

Points of Interest

  • CEFCO

    0.22 miles

  • Valero

    0.29 miles

  • Exxon

    0.30 miles

  • Shell

    9.00 miles

  • Overton Donut Shop

    0.21 miles

  • Los Regios

    0.28 miles

  • Milanos Pizza

    0.33 miles

  • La Hacienda

    0.36 miles

  • DQ Grill & Chill

    0.40 miles

  • Country Tavern

    7.53 miles

  • Back Porch

    9.96 miles

  • Brookshire's

    0.34 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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