Family Dollar - Port Arthur
Retail | 6.73% CAP | 8,320 SqFt
Marketing description
As exclusive advisor, MMG Real Estate Advisors is pleased to present an investment opportunity, located at 7750 9th Ave, Port Arthur, TX, which offers a strong opportunity for long-term income generation, with an asking price of $1,525,000. The property consists of 8,320 square feet of gross leasable area and is fully occupied by Family Dollar, a stable and reliable tenant. The asking price translates to a competitive price per square foot of $183 and a cap rate of 7.28%, based on an annual Net Operating Income (NOI) of $111,055. The long-term lease in place provides significant stability, making it an attractive option for investors seeking secure, passive income.
The lease agreement is structured as a NN+ (triple net) lease, with Family Dollar covering most operational costs, while the landlord is responsible for the roof, structure, and parking. The lease began on August 1, 2020, and is set to expire on September 30, 2028, with six additional 5-year renewal options. Each renewal period includes a 5% rent increase, ensuring consistent rental income over the next several decades. The lease term remaining is a robust 32 years, providing long-term income stability.
The property is situated on a 2-acre lot and is easily accessible, with 26 regular parking spaces plus 2 designated handicap spaces. Built and remodeled in 2020, the property is in excellent condition. Additionally, the zoning is LC (Local Commercial), which supports its retail use. The combination of an attractive cap rate, a reliable tenant, and a long-term lease structure makes this an excellent investment opportunity in the retail sector.
Investment highlights
National Discount Retail Tenant With Necessity-Based Demand: The property is leased to Family Dollar. Its needs-driven format generates recurring visits and supports stable, recession-resistant occupancy.
High-Visibility Location on a Primary Retail Arterial: Situated on 9th Avenue, a principal Port Arthur corridor, the site benefits from strong frontage, convenient access, and steady daily traffic connecting neighborhoods to employment centers and regional shopping destinations, supporting consistent store volumes.
Essential Retail in a Large Gulf Coast Trade Area: Port Arthur anchors the Beaumont–Port Arthur MSA, serving approximately 55,800 residents and drawing from Groves, Nederland, and Beaumont. Proximity to Interstate 10 enhances regional access, expanding the tenant’s catchment and retail demand base.
Proximity to Major Industrial and Energy Employers: The area is supported by significant employers including Motiva Port Arthur Refinery, one of the nation’s largest with 1,400+ employees, alongside manufacturing, construction, healthcare, and energy sectors that provide diversified income and steady consumer spending.
Established Retail Corridor With National Co-Tenants: Nearby grocery, discount, and convenience retailers create a dense retail ecosystem that drives cross shopping. National brands, essential services, and everyday-use tenants reinforce the corridor’s role as a primary neighborhood shopping destination.
Passive, Income-Oriented Net-Lease Profile: The asset delivers predictable rental income with minimal management within the necessity retail sector. Family Dollar’s national presence, strong visibility, and integration into a resilient Gulf Coast market support durable cash flow and long-term stability.
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