Family Dollar | Dollar Tree

FM 1713 & Tulip Lane, Whitney 76692

$1,422,500

Cap Rate 7.75%

Views: 280 Updated: 03.10.25 Posted: 08.12.23 Status: Inactive

Summary

Price $1,422,500	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.75%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 11-01-2023	#Units 1,200
Price/SF $142.86	Expiration 11-01-2033	Tenant Type Dollar/Discount
NOI $110,250	R. Term 8.6	Ownership Fee Simple
Rent/SF $10.50	Increases 9.0%/10/yrs	Pop 5Mi 70,340
Lot/AC 1.01	Options 4/5yrs/9%	AHHI 5Mi $8,392

Lease Highlights

Brand new 2023 construction
Brand new 10-year lease with 4 (5-year) options to extend
Lease features 9% rental increases every 5 years throughout the initial term and at the start of each option
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)

Location Description

This newly constructed 10,500 square foot Family Dollar/Dollar Tree location is situated on a 1.01 acre parcel at the hard corner intersection of FM1713 and Tulip Lane with access to 4,800 vehicles per day. The site benefits from its location within a dense residential area which provides a direct consumer base to draw from. Neighboring national/credit tenants in the area include Sonic,...

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Key Features

New construction
New prototype
Hard corner intersection
Near major nationals
Highway close
Income tax free state
Brand new lease
Favorable NN+ lease
Traded and rated company
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Family Dollar Wikipedia Whitney, Texas Zip Code 76692 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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Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
33098 Views
127 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
33207 Views
128 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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