Family Dollar | Dollar Tree

16315 Texas 124, Beaumont, TX 77705

$1,272,000

Cap Rate 8.25%

Views: 110 DOM: 140 Updated: 11.07.24 Posted: 07.04.24 Status: Active

Summary

Price $1,272,000	Built/Renov 2020	Tenant Family Dollar \| Dollar Tree
Cap Rate 8.25%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 03-18-2021	#Units 1,200
Price/SF $121.14	Expiration 03-31-2031	Tenant Type Dollar/Discount
NOI $105,000	R. Term 6.4	Ownership Fee Simple
Rent/SF $10.00	Increases 0.0%/0/yrs	Pop 5Mi 5,595
Lot/AC 1.72	Options 6/5yrs	AHHI 5Mi $101,110

Ayson Shammami

ENCORE Real Estate Investment Services

Contact

Lease Highlights

Family Dollar | Dollar Tree has 6+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features $0.50/PSF rental increases at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located on State Highway 124, with access to 6,150 vehicles passing by daily. The property benefits from its adjacency to a Shell gas station. The 5-mile trade area is supported by a population of 5,595 residents with an affluent average household income of $101,110. Beaumont is a city in Texas, serving as the seat of government for...

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Key Features

Build to suit
Near major nationals
Strategically located
Highway location
Affluent AHHI $100K 5 Mi
Income tax free state
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Dollar Tree Wikipedia Beaumont, Texas Zip Code 77705 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

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 :	1,104	3,551	5,338
2024 Total Population :	1,106	3,532	5,298
2024 Employed Civilian Pop :	568	1,641	2,497
2024 Total Businesses :	57	88	151
2024 Average Household Income :	$ 94,292	$ 98,680	$ 101,546
2024 Total Consumer Spending :	$ 34 M	$ 114 M	$ 172 M
2024 Median Age :	42	42	42
2024 Total Households :	410	1,312	1,919
2024 Pop Age 25+: Bachelor's Degree :	104	400	564
2024 Average Home Value :	$ 305,059	$ 301,107	$ 299,970

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Hwy 124	Old Gilbert Rd	2002	5,900	0.04 mi
Greenway Dr	Hwy 124	2011	1,370	0.19 mi
State Highway 124	Hwy 365	2022	6,726	0.28 mi
Old Gilbert Rd	Mahon Rd	2011	140	0.28 mi
State Hwy 124	Oakdale Dr	2011	4,540	0.33 mi
FM 365	Wiggins Rd	2022	4,654	0.35 mi
Farm to Market Road 365	Mahon Rd	2022	4,944	0.37 mi
State Highway 124	Mahon Rd	2022	5,996	0.40 mi
Mahon Rd	Hwy 365	2011	120	0.41 mi
Mahon Rd	Bowling Rd	2011	70	0.45 mi

Listing Broker

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