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Views: 87 Updated: 04.16.24 Posted: 12.02.23 Status: Inactive

Summary

Price $1,824,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 11-15-2023
#Units 1,200
Price/SF $173.71
Expiration 11-30-2033
Tenant Type Dollar/Discount
NOI $127,680
R. Term 9.2
Ownership Fee Simple
Rent/SF $12.16
Increases 4.0%/10/yrs
Pop 5Mi 9,846
Lot/AC 1.00
Options 4/5yrs/4%
AHHI 5Mi $95,943

Lease Highlights

  • Brand-new 2023 construction
  • Family Dollar | Dollar Tree recently signed a brand-new 10-year lease with 4 (5-year) options
  • Lease features a 4% rental increase at the start of each option
  • Corporate guaranteed lease
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located along HWY 190, with great visibility and access to 14,516 vehicles passing by daily. This prime location is further enhanced by the limited competition in the vicinity. Surrounding the property are community establishments, including Kempner Family Church, Texas Junior Golf Academy, Rocky River RV Resort, and more. The 5-mile trade area is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar Tree (NASDAQ: DLTR) is the leading operator of discount variety stores offering merchandise predominantly at the fixed price of $1.25. Founded in 1953, by K.R. Perry, the chain originated...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Farm Rd 2313 2021 4,063 0.12 mi
Peach St Hwy 190 2007 190 0.13 mi
Cr 3300 Co Rd 24 2007 1,370 0.44 mi
Central Texas Expressway Co Rd 248 2021 15,982 0.76 mi
Farm-to-Market Road 2808 Pedernales Ln 2020 2,182 0.92 mi
Pr 4660 2021 2,226 0.92 mi
FM 3170 Hwy 190 2020 441 0.99 mi
Co Rd 223 2021 441 0.99 mi
Central Texas Expressway Farm Rd 3170 2021 13,699 1.03 mi
FM 2313 P R 3063 2021 2,119 1.12 mi

Listing Broker

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