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28369592
28369591

2578 TX-103, Etoile, TX 75944

CH
TX 597585
Trinity Real Estate Investment Services
CC
TX 697980
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
BB
TX 611825
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services
$1,389,330
51 days on market
Updated 51 days ago

Family Dollar

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 10,500
Units 1
Cap Rate 8.2%
NOI $113,925
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+3)
Lease Type NN
Lease Term 10
Lease Expiration 11/29/2033
Remaining Term 7.5
Lease Options Six (6), 5-Year; $5,250
Price per SqFt $132
Year Built 2023
Buildings 1
Acreage 1.020
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/17/2023
Ownership Fee Simple

Retail | 8.20% CAP | 10,500 SqFt

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Family Dollar in Etoile, TX. The subject property is a 2023 development with 8 years remaining on primary term. It is highly visible frontage on TX Hwy 103.

Property Website: https://trinityreis.com/listing/2578-tx-103/

Investment highlights

  • 2023 Development Family Dollar Store With 8 Years Remaining on Primary Term

  • $5,250 Rent Increase Every 5 Years During the Extension Periods

  • 10,500 Square Foot Prototype That Accommodates a Larger Volume of Customers

  • Highly Visible Frontage on TX Hwy 103 With 7,000+ Vehicles Passing Daily

  • Limited Local Retail Competition, Store Located on the Main Thoroughfare in Etoile

  • Seasonal Traffic Boost From Nearby Sam Rayburn Lake and Angelina National Forest

  • East Texas Location - Etoile is Nestled Along Sam Rayburn Lake - Largest Lake Wholly in the State of Texas

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

Listing Contacts

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

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,925.00
$9,493.75/mo

Valuation Metrics

0
DSCR
8.2%
Cap Rate
8.2%
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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