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17248579
17248580

405 South Main St, Monahans, TX 79756 For Sale

CH
TX 597585
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
CC
TX 697980
Trinity Real Estate Investment Services
BB
TX 611825
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services
$2,376,685
39 days on market
Updated 39 days ago

2-Tenant Texas Family Dollar & Dollar Tree – Separate Leases

Details
Property Type Retail, Special Purpose
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 19,267
Units 2
Cap Rate 7.75%
NOI $184,193
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar General, Dollar Tree (+4)
Lease Type NN
Lease Term 11
Lease Expiration 12/30/2031
Remaining Term 5.4
Price per SqFt $123
Year Built 2020
Buildings 1
Acreage 0.560
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/31/2020
Ownership Fee Simple

Retail | 7.75% CAP | 19,267 SF

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a 2-Tenant Family Dollar & Dollar Tree in Monahans, TX. The subject property has 2 separate co-terminus leases in a 19,267 square foot building with wall separating the tenants. It has attractive lease structures where tenants pay monthly installments for taxes/insurance/CAM rather than reimbursing at the end of the year. The property is ideally located on corner lot along Monahan's main thoroughfare.

Property Website: https://trinityreis.com/listing/405-south-main-st/

Investment highlights

  • Dollar Tree and Family Dollar – 6 Years Remaining on Current Leases

  • 2 Separate Co-Terminus Leases - 19,267 Square Foot Building With Wall Separating the Tenants

  • Both Leases Have Tenants Fully Responsible for Taxes, Insurance and 100% of All CAM Costs

  • Attractive Lease Structures - Tenants pay Monthly Installments for Taxes/Insurance/CAM Rather Than Reimbursing at end of Year

  • Ideally Located on Corner lot Along Monahan’s Main Thoroughfare

  • Monahans is Located Directly Along I-20 - Just 35 Miles From Odessa and has a Population Around 7,500

  • Strong Local Economy – Located in the Heart of the Permian Basin, Which is Responsible for a Third of US Oil Production

Listing Contacts

CH
TX 597585
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
CC
TX 697980
Trinity Real Estate Investment Services
BB
TX 611825
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$184,193.00
$15,349.42/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Chance Hales
License
597585
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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