Listed by Trinity Real Estate Investment Services
$976,845
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 8,400
Units 1
Cap Rate 9%
NOI $87,916
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 15.1
Lease Expiration 09/30/2028
Remaining Term 2.3
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Price per SqFt $116
Year Built 2013
Buildings 1
Acreage 0.480
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2013
Ownership Fee Simple
Retail | 9.0% CAP | 8,400 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Family Dollar in Yoakum, TX. The subject property has 2+ years remaining on current term and is located near US Hwy 77 and TX-111.
Property Website: https://trinityreis.com/listing/201-lott-st/
Investment highlights
- Family Dollar in Yoakum, TX With 2+ Years Remaining on Current Term
- Attractive 10% Rent Increases in the Option Periods
- Tenant Exercised First Renewal While Paying Full 10% Increase in Rent
- Tenant Fully Responsible for HVAC System
- Located Near US Hwy 77 and TX-111, Serving Regional Shoppers and Commuters
- Healthy 5-Mile Demographics for a Dollar Store With 7,000+ Residents
- Close to Yoakum High School, City Hall, and Local Parks, Driving Consistent Foot Traffic
- Corporately Guaranteed by Family Dollar Stores, LLC (Privately Held)
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,916.00
$7,326.33/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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