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Views: 67 DOM: 43 Updated: 10.08.24 Posted: 08.12.24 Status: Sold 09.24.24

Summary

Price $884,125 $1,348,174
Built/Renov 2009
Tenant Family Dollar
Cap Rate 11.82% 7.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,180
Lease Start 10-22-2004
#Units 8,359
Price/SF $96.31 $146.86
Expiration 06-30-2029
Tenant Type Dollar/Discount
NOI $104,483
R. Term 4.6
Ownership Fee Simple
Rent/SF $11.38
Increases 10.0%/4/yrs
Pop 5Mi 354,871
Lot/AC 0.64
Options 2/5yrs/10%
AHHI 5Mi $50,846

Lease Highlights

  • Family Dollar has been operating in this location since 2004
  • The tenant has 4+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on South Flores Street, with access to 19,747 vehicles passing by daily. The property is adjacent to well-known national tenants such as McDonald’s, Wendy’s, HEB, and O'Reilly Auto Parts. Key community educational institutions in the vicinity include Joel C. Harris Middle School, Luther Burbank High School, and Hillcrest Elementary School. The 5-mile...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 14,733 134,704 315,718
2024 Total Population : 14,974 135,789 313,207
2024 Employed Civilian Pop : 6,789 57,673 133,614
2024 Total Businesses : 287 6,091 12,228
2024 Average Household Income : $ 61,745 $ 61,618 $ 61,386
2024 Total Consumer Spending : $ 303 M $ 2751 M $ 6337 M
2024 Median Age : 40 38 37
2024 Total Households : 5,338 48,765 113,343
2024 Pop Age 25+: Bachelor's Degree : 820 7,631 18,811
2024 Average Home Value : $ 177,299 $ 216,727 $ 220,241
*ESRI data is presented for informational purposes only

Listing Broker

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