Family Dollar | High Sales Location
$5 Million Store Sales (per CenterCheck report)
Marketing description
Family Dollar has provided an offer for an early lease extension which would make this a 7+ year lease once signed, contact agent for details.
FAMILY DOLLAR | RELOCATION STORE 1714 Farm to Market Road 700, Big Spring, TX 79720 Invest in this prime retail property located in bustling Big Spring, Texas. With an attractive 8% CAP rate, this Family Dollar relocation store presents a solid investment opportunity.
The property boasts a strong NOI of $93,888 with a long-term lease in place until 2028(2033), providing a secure income stream. Situated in an income-tax-free state and surrounded by a community with an average household income exceeding $80,000 within a 2-mile radius, this property offers great potential for growth.
Featuring a corporate guarantee and lease with options for increased rent, this property ensures stability for investors. With high traffic counts along FM700 and excellent 69th percentile nationwide PlacerAI ranking, this property is a standout in the market. Don't miss your chance to own this impressive retail investment in the heart of Big Spring, Texas.
Investment highlights
- Family Dollar has provided an offer for an early lease extension which would make this a 7+ year lease once signed, contact agent for details
- High Traffic Counts along FM700 - see map for details
- 69th Percentile Nationwide PlacerAI Ranking
- Income-tax free state
- Big Spring is positioned along Interstate 20 | 230 Miles West of DFW
- Relocation store - previous location was in the Sears-Harbor Freight retail center Northeast adjacent
- Replaceable rent provides long term security
- Big Spring serves as the county seat of Howard County | Known for its history of oil, ranching, and film production, and its landmark spring and mountain
- Big Spring population 26,144 | pop. 6,500 within 1-Mile radius
- Average Household Income in Excess of $80,000 within 2 Mile Radius
- Lease Excerpt on Maintenance: "Tenant will maintain existing landscaping and parking...including the removal of snow, ice, trash, weeds, debris...and will be responsible for the asphalt and concrete repairs up to $1,000."
- Lease Excerpt, HVAC: "...tenant will maintain, repair, and replace the heating and air condition systems, ...[except] during the last two years of the lease term."
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