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27101924
27101925

2115 W Griffin Pkwy, Palmview, TX 78572

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
$825,000
31 days on market
Updated 31 days ago

Dollar Tree

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Units 1
Cap Rate 8.48%
NOI $70,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+3)
Lease Type NN
Lease Term 20
Lease Expiration 07/01/2027
Remaining Term 1
Rent Bumps Yes
Lease Options Three (3), 5-Year; $5,000
Price per SqFt $91
Year Built 2007
Buildings 1
Acreage 0.980
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/30/2007
Ownership Fee Simple

Retail | 8.48% CAP | 9,100 SqFt

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar Tree in Palmview, TX. The subject property is a low price point Dollar Tree store. It is highly visible frontage on W Griffin Pkwy with 13K+ vehicles passing daily.

Property Website: https://trinityreis.com/listing/2115-w-griffin-pkwy/

Investment highlights

  • Low Price Point Dollar Tree in Palmview, TX With 1+ Year Remaining on Current Term

  • Densely Populated 5-Mile Area With 144,000+ Residents and a Positive Growth Over the Past 10 Years

  • Highly Visible Frontage on W Griffin Pkwy With 13,000+ Vehicles Passing Daily

  • Strong Built in Customer Base - Several Apartment Complexes and Single Family Residences Within Walking Distance

  • Palmview is Part of the McAllen–Edinburg–Mission MSA, With Strong Population 898,000+ Residents

  • Corporately Guaranteed by Family Dollar Stores, LLC (Privately Held)

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
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Annual Cash Flow
$70,000.00
$5,833.33/mo

Valuation Metrics

0
DSCR
8.48%
Cap Rate
8.48%
ROI

Map

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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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