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28291734
29347264

1385 Knox Ave, Fort Hancock, TX 79839

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$884,000
153 days on market
Updated 45 days ago

Family Dollar | Fort Hancock, TX

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 8,320
Net Rentable (SqFt) 8,320
Cap Rate 9.5%
NOI $84,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+1)
Lease Type NN
Lease Term 13.2
Lease Expiration 03/31/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options 6 x 5 Years
Price per SqFt $106
Broker Co-Op Yes
Class A
Year Built 2017
Buildings 1
Acreage 0.780
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/25/2018
Ownership Fee Simple

9.50% CAP | Corporate Guarantee with 6 x 5 year extensions remaining

Investment highlights

NAME BRAND TENANT

  • Over 16,000 Family Dollar and Dollar Tree locations in 48 different states

  • Dollar Tree is ranked #134 on Fortune 500

  • In Q2 FY 2025 Dollar tree reported same-store net sales growth of 6.5%, driven by 3% increase in traffic

CORPORATE GUARANTEE

  • Family dollar is an investment grade company with a S&P credit rating of BBB

  • Dollar Tree (parent company of Family Dollar) is a publicly traded company (NASDAQ: DLTR) with a market capitalization of $29.46B

BUILD TO SUIT FAMILY DOLLAR W/ RECENT EXTENSION

  • Delivered in 2017 to Family Dollar’s current prototype

  • Tenant recently extended early showing conviction to the site

  • Stores 0.78-acre parcel features concrete parking, LED lighting and direct access from Knox Ave

STRATEGIC HIGHWAY LOCATION SERVING THE WEST TEXAS TRADE AREA

  • Property sits on main retail corridor adjacent to I-10 (16,972 VPD)

  • Less than a half-mile to Benito Martinez Elementary School (~215 students)

  • Location at SW corner of Knox Ave & Smith Rd places it as one of the few fillline general merchandise outlets in the immediate trade zone key to Dollar Trees successful national strategy

ZERO COMPETITION IN TRADE MARKET

  • Only general merchandise store in Market commanding 100% of market share

  • Broader Texas retail-market context shows tight supply and upward rent pressure

  • In a rural infill location like Fort Hancock, with limited future competitive supply, the property stands to benefit from these overarching state-level trends that favor NNN, well-located retail assets

REGIONAL MSA DEMOGRAPHICS & ECONOMIC BASE

  • The El Paso Metropolitan Statistical Area has a population of 678,147 with a median HHI up 5.4 % year-over-year

  • The property benefits from a stable household base and income metrics supportive of retail-demand, rather than relying solely on tourism

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$84,000.00
$7,000.00/mo

Valuation Metrics

0
DSCR
9.5%
Cap Rate
9.5%
ROI

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