Family Dollar (Dark)

201 West Mulberry Street, Angleton, TX 77515

$1,500,000

Cap Rate 8.56%

Views: 80 DOM: 118 Updated: 09.18.24 Posted: 06.22.24 Status: Active

Summary

Price $1,500,000	Built/Renov 2015	Tenant Family Dollar (Dark)
Cap Rate 8.56%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,180	Lease Start 03-01-2016	#Units 8,359
Price/SF $163.40	Expiration 03-31-2031	Tenant Type Dollar/Discount
NOI $128,326	R. Term 6.5	Ownership Fee Simple
Rent/SF $13.98	Increases 10.0%/2/yrs	Pop 5Mi 25,280
Lot/AC 1.36	Options 6/5yrs/10%	AHHI 5Mi $104,970

Lease Highlights

Family Dollar has 6+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located at the signalized, hard corner intersection of W Mulberry St and State Hwy 274, a major retail thoroughfare, with access to a combined daily traffic count of 30,000 vehicles. The property boasts excellent visibility with significant street frontage and a large pylon sign. Additionally, it enjoys direct access to State Hwy 288 (35,000 VPD) and is just 1...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Highway location
Top 100 MSA
Income tax free state
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Angleton, Texas Zip Code 77515 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:8,359
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 stores...

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Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

361 Listings
35905 Views
137 Sold

Patrick Luther

SRS National Net Lease Group

Contact

412 Listings
39622 Views
165 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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