Dark Family Dollar/Dollar Tree | Paying Rent | 9343 2nd
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Dark Family Dollar/Dollar Tree | Paying Rent 9343 2nd
10,488 SF Retail Building Batson, TX 77519 £985,887 (£94/SF) 8% Net Initial Yield
Investment Highlights
- Dark Site | Corporate Guaranteed | Investment Grade | Increased Rent in Option Periods
- Near Signalized, Hard Corner Intersection | Excellent Visibility | Mt. Vernon High School | Established Tenant
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, corporate guaranteed (S&P: BBB), Family Dollar/Dollar Tree investment property located in Batson, Texas. The investment grade tenant, Family Dollar Stores of Texas, LLC, has over 8 years remaining in their first term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of $0.50 PSF/Year at the beginning of each option period, growing NOI and hedging against inflation. The corporate guaranteed lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Dollar Tree, a Fortune 200 company, operated 16,340 stores across 48 states and five Canadian provinces as of January 28, 2023.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,488 SF
Building Class
C
Year Built
2021
Price
£985,887
Price Per SF
£94
Net Initial Yield
8%
NOI
£78,871
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Lot Size
0.92 AC
Opportunity Zone
Yes
Zoning
General Commercial
Parking
3.53 Spaces per 1,000 SF Leased
Amenities
- Corner Lot
- Signage
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 000016-002305 | Improvements Assessment | £846,213 |
| Land Assessment | £14,397 | Total Assessment | £860,610 |
PROPERTY TAXES
Parcel Number
000016-002305
Land Assessment
£14,397
Improvements Assessment
£846,213
Total Assessment
£860,610
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Dark Family Dollar/Dollar Tree | Paying Rent | 9343 2nd
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