Listed by Trinity Real Estate Investment Services
$1,192,250
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,180
Units 1
Cap Rate 8%
NOI $95,380
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 10.1
Lease Expiration 03/30/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options Six (6), 5-Year; $0.50 PSF
Price per SqFt $130
Year Built 2021
Buildings 1
Acreage 1.530
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/28/2021
Ownership Fee Simple
Retail | 8.00% CAP | 9,180 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Family Dollar in Joaquin, TX. It has nearly 5 years remaining on primary term. The subject property is highly visible frontage on US Hwy 84.
Property Website: https://trinityreis.com/listing/11334-us-hwy-84/
Investment highlights
- Family Dollar in Joaquin, TX With Nearly 5 Years Remaining on Primary Term
- Highly Visible Frontage on US Hwy 84, Joaquin's Main Thoroughfare
- Close Proximity to Joaquin High School, Ram Stadium and Joaquin City Hall Office
- Limited Retail Competition - Primary Source of Retail Goods in the Area
- Corporately Guaranteed, Family Dollar Has Strong Brand Recognition, Providing Household Products to Over 8,000 Neighborhoods in the Country
- Joaquin is Only 4 Miles From the Louisiana Border, Allowing the Store to Serve Cross‑State Customers
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,380.00
$7,948.33/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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