Dollar Tree | 444 S Highway 377
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Dollar Tree 444 S Highway 377
15,854 SF Retail Building Pilot Point, TX 76258 £1,413,180 (£89/SF) 8% Net Initial Yield
Investment Highlights
- Brand New, Long-Term Net Lease
- Investment Grade Guarantee from Best-in-Class Tenant
- Commercial Corridor of Pilot Point
- 2023 Renovations
- Strong Access & Visibility
- Income Tax-Free State | Dallas - Ft. Worth MSA Acquisition Opportunity
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dollar Tree property located in Pilot Point, Texas (the “Property”). The Property consists of an 15,854 square foot freestanding retail building on a 1.54-acre parcel of land. Dollar Tree is operating under a 10-year, net lease with limited landlord responsibilities. The lease also features 5, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,854 SF
Building Class
C
Year Built/Renovated
1975/2023
Price
£1,413,180
Price Per SF
£89
Net Initial Yield
8%
NOI
£113,054
Tenancy
Single
Number of Floors
1
Building FAR
0.23
Lot Size
1.56 AC
Zoning
C-2
Parking
54 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
53 ft on S highway 377
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R41526 | Improvements Assessment | £570,722 |
| Land Assessment | £319,529 | Total Assessment | £890,251 |
PROPERTY TAXES
Parcel Number
R41526
Land Assessment
£319,529
Improvements Assessment
£570,722
Total Assessment
£890,251
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Dollar Tree | 444 S Highway 377
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